THEBUSINESSBYTES BUREAU

NEW DELHI, JULY 25, 2026

State-owned power major NTPC has approved a proposal to raise up to ₹12,000 crore through the issuance of non-convertible debentures (NCDs) via private placement in the domestic market, reinforcing its financial strategy to support expansion and capital expenditure amid steady operational growth.

According to a regulatory filing made on Friday evening, the company's Board of Directors, at its meeting held on July 24, 2026, approved the issuance of NCDs in one or more tranches through private placement. The fundraising exercise will be undertaken in the domestic market and is aimed at strengthening NTPC’s financial resources for its ongoing and future projects.

The company said the issuance period will commence from the date of passing of the special resolution and will remain valid until the completion of one year or the date of the next Annual General Meeting in the financial year 2027-28, whichever is earlier.

NTPC added that key terms of each tranche—including the issue size, tenor, listing on the BSE and/or NSE, coupon or interest rate, security, if applicable, and other relevant details—will be determined at the time of issuance.

Separately, the company also released its operational and financial highlights for the April-June quarter of the current financial year, reporting continued growth in installed capacity and power generation.

NTPC Group’s installed capacity rose to 90,904 MW as of June 30, 2026, compared with 82,646 MW in the corresponding period last year. During the first quarter of the fiscal, the group added 1,796 MW of generation capacity, reflecting the company's ongoing focus on expanding its power generation portfolio.

Commercial power generation also witnessed an increase, rising to 93.63 billion units (BU) in the April-June quarter from 91.06 BU in the same quarter of the previous fiscal.

Operational efficiency improved during the quarter, with NTPC maintaining a plant load factor (PLF) of 76.71 per cent at its coal-based power stations, up from 75.16 per cent a year earlier. The performance remained significantly higher than the all-India coal-based PLF of 70.32 per cent recorded during the first quarter, underlining the company's operational strength.

The company's average tariff remained largely stable at ₹4.86 per unit during the quarter, marginally lower than ₹4.87 per unit reported in the corresponding period of the previous year, reflecting steady revenue realization despite changing market dynamics.