NTPC announced on Friday that it has got the shareholders approval to raise Rs 15,000 crore through issuance of non-convertible debentures (NCDs).
In the AGM on Thursday, it was decided to raise funds on private placement basis in one or more tranches but not exceeding 30.
The funds would be raised for working capital and general corporate purposes.
The state owned undertaking said in its BSE regulatory filing. “The special resolution for AGM which proposed to make offers or invitations to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures up to Rs 15,000 crore, was passed with requisite majority in the AGM.”
The funds would be raised for capital expenditure, working capital and general corporate purposes, in the domestic market.
The shareholders also gave 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.
The thermal power company also gotten approval for appointment of Anil Kumar Gautam as Director (Finance), Ujjwal Kanti Bhattacharya as Director (Projects), and Ashish Upadhyaya as Government Nominee Director amongst others.
Wholly-owned subsidiary NTPC Vidhyut Vihar Nigam Limited, recently signed a Memorandum of Understanding (MoU) with Greenko Energies Private Limited to explore opportunities to supply around the clock renewable energy.
