NTPC has got shareholders’ approval to raise up to Rs 150 billion through issuance of bonds.
As per the company’s notice for the annual general meeting (AGM), the funds are proposed to be raised on private placement basis in one or more tranches not exceeding 30. The funds would be raised for capital expenditure, working capital and general corporate purposes, in the domestic market. The company also got members’ approval to amend the memorandum of association (MoA) to provide focus on new business segments like e-mobility, waste-to-energy, manufacturing of value added products from fly ash, gypsum etc. and sea water desalination.