The shareholders of NTPC, India’s largest power producer, have approved raising Rs 18,000 crore via private placement of non-convertible debentures (NCDs) to meet the company’s capital expenditure and working capital requirements.
Also, given the company’s future capex requirements and its conviction to foray into new verticals, such as renewables and green hydrogen, the shareholders have approved raising the borrowing limits to Rs 2.25 lakh crore from Rs 2 lakh crore earlier.
