NTPC raises Rs 500 crore via private placement of secured NCDs

NEW DELHI: State-run NTPC has raised Rs 500 crore through private placement of secured non-convertible debentures which would be mainly used to finance capital expenditure of the company.

"NTPC raises Rs 500 crore through private placement of secured non-convertible debentures at a coupon of 8.19 per cent with a 10 year door-to-door maturity on December 10, 2015", the company said in a filing to BSE.

The proceeds will be mainly utilised to finance capital expenditure of the company, NTPC said.

Country's largest power producer NTPC has a total installed capacity of 45,548 MW, including JVs, with 18 coal based and 7 gas based stations, according to its website.

The company has set a target to have an installed power generating capacity of 1,28,000 MW by 2032, the website said.