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NTPC Raises Rs 800 Crore Via Debentures

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NTPC Raises Rs 800 Crore Via Debentures
New Delhi: State-owned power generator NTPC Ltd on Tuesday said it has raised Rs 800 crore through debentures for capital expenditure.

"NTPC has raised Rs 800 crore on August 23, 2016 through private placement of secured non-convertible debentures at a coupon of 7.58 per cent per annum with a door to door maturity of 10 years," the company informed the BSE on Tuesday.

The proceeds will be utilized to finance capital expenditure/refinancing the debt requirement in ongoing projects including recoupment of expenditure already incurred.


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