NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, announced that it will issue unsecured non-convertible debentures (NCDs) worth Rs 1,500 crore on November 11, 2025, through a private placement route.
According to the company’s disclosure, the debentures carry a coupon rate of 7.01% per annum with a tenure of 10 years and 1 day, maturing on November 12, 2035. This is the first issuance under the board resolution approved on April 29, 2025.
The proceeds from the issue will be used for financing capital expenditure, refinancing existing loans, and recouping capital expenditure already incurred. The funds will also be deployed to support subsidiaries and joint ventures through inter-corporate loans and for general corporate purposes.
The company confirmed that the debentures will be listed on the NSE, and a Debenture Trust Deed will be executed in compliance with the Companies Act within the stipulated period.
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