State-run power giant NTPC's board has approved a proposal to raise up to Rs 12,000 crore through issuance of non-convertible debentures (NCDs).
The Board of Directors of the company, at its meeting held on Friday, July 24, 2026, approved the issue of non-convertible debentures up to Rs 12,000 crore, in one or more tranches through private placement in the domestic market, the company said in a regulatory filing on Friday evening.
The company said the issuance period will commence from the date of passing of the special resolution until completion of one year thereof or the date of the next Annual General Meeting in the financial year 2027-28, whichever is earlier.
The size, tenor, listing details (BSE and/or NSE), coupon/interest rate, security, if applicable, and other applicable details will be decided at the time of issue of each tranche/series, the filing said.In another filing, giving operational and financial highlights in the April-June quarter this year, the company said its group installed capacity has increased to 90,904 MW as on June 30, 2026, from 82,646 MW as on June 30, 2025.
The commercial power generation rose to 93.63 billion units (BU) in the quarter from 91.06 BU in the same period a year ago.It maintained a plant load factor (PLF or capacity utilisation) of 76.71 per cent at coal-based plants in the quarter, up from 75.16 per cent a year ago.
The all-India PLF was 70.32 per cent at coal-based plants in the first quarter.The average tariff was Rs 4.86 per unit in the quarter compared to Rs 4.87 per unit a year ago. NTPC reported an 11.81% increase in consolidated net profit to Rs 6,721.05 crore for the first quarter ended 30 June 2026 (Q1 FY27), compared with Rs 6,010.60 crore in the corresponding quarter of the previous fiscal.
Revenue from operations rose 7.81% YoY to Rs 50,740.96 crore in the quarter ended 30 June 2026.Revenue from the company's power generation business increased 7.06% YoY to Rs 49,143.35 crore in Q1 FY27. Meanwhile, other income surged 35.25% YoY to Rs 6,618.64 crore, while unallocated revenue declined 73.92% YoY to Rs 100.19 crore.Profit before tax and regulatory deferral account balances jumped 55.47% YoY to Rs 6,376.38 crore during the quarter.
Meanwhile, the company's board approved the issuance of secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative, non-convertible debentures (NCDs/Bonds) worth up to Rs 12,000 crore in one or more tranches, not exceeding 12 series, through private placement in the domestic market. The issuance will be undertaken during the period from the date of passing the special resolution until the completion of one year thereafter or the date of the next Annual General Meeting in FY2027-28, whichever is earlier.
NTPC primarily involved in the generation and sale of bulk power to State Power Utilities. Other business of the Group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining.
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