NTPC Green Energy Ltd (NGEL), a subsidiary of state-run power giant NTPC Ltd, has announced plans to raise ₹1,500 crore through the issuance of unsecured, non-convertible debentures (NCDs) on a private placement basis. The NCD issue is scheduled for November 11, 2025, marking the company’s latest move to strengthen its financial position and support its ongoing renewable energy expansion projects.
Key Highlights
- NTPC Green Energy to raise ₹1,500 crore via unsecured NCDs on November 11 for expansion projects.
- The 10-year NCDs carry a 7.01% coupon and will be listed on NSE for transparency.
According to the company’s regulatory filing, the NCDs will carry a coupon rate of 7.01% per annum and have a tenure of 10 years and one day, with a maturity date of November 12, 2035. The debentures will be listed on the National Stock Exchange of India (NSE), offering enhanced liquidity and transparency for institutional investors.
The proceeds from this fundraising will be primarily used for capital expenditure, including financing and refinancing of existing or new green energy projects, inter-corporate loans to subsidiaries and joint ventures, and for general corporate purposes. This move aligns with NTPC Green Energy’s broader strategy to expand its renewable portfolio and support India’s energy transition goals.
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This will be the first issuance of NCDs under the approval granted by the company’s board in April 2025. NGEL, which spearheads NTPC’s renewable initiatives, plays a crucial role in scaling up solar, wind, and hybrid power projects to help NTPC achieve its goal of reaching 60 GW of renewable energy capacity by 2032.
The company’s latest bond issue underscores its strong credit profile and the growing investor appetite for green financing instruments in India’s renewable energy sector.
