NTPC To Raise Up to Rs 18,000 Crore Through NCDs

Mumbai, 24 July 2025: NTPC Limited (NSE: NTPC, BSE: 532555)  has received  shareholder approval to raise up to ₹18,000 crore through Non-Convertible Debentures (NCDs) via private placement. The proposal, passed as a Special Resolution through a postal ballot concluded on 23 July 2025, will provide the company with added financial flexibility to fuel its strategic investments, particularly in renewable energy, infrastructure development, and energy transition projects.

Following the shareholder approval for NTPC’s ₹18,000 crore NCD fundraise, the share price of NTPC Ltd opened at ₹343.60 and touched an intraday high at the same level. However, it declined as the trading session progressed, hitting a low of ₹336.50 by 1:35 pm IST. By the close of market at 3:30 pm IST, the stock settled at ₹338.90, marking a fall of ₹4.15 or 1.21% for the day.

Over 99.99% of NTPC Shareholders Back the ₹18,000 Cr Fundraise Plan

The postal ballot results reflect near-unanimous support for the fundraise. Over 8.99 billion votes (99.9925%) were cast in favour of the resolution, while only 0.0075% votes (6.76 lakh) were against. Among key shareholder segments, the Promoters and Promoter Group cast 100% of their votes in favour. Institutional public shareholders showed 99.98% approval, while non-institutional public shareholders also backed the move with a strong 96.96% support.

NTPC Eyes Growth in Clean Energy and Infrastructure with Fresh Capital

This strategic fundraise aims to empower NTPC’s growth roadmap as it pivots towards sustainable energy and infrastructure expansion. The proposed ₹18,000 crore will help the Maharatna PSU accelerate ongoing projects and enhance capital availability for future renewable initiatives and transition goals, while also maintaining a robust balance sheet.

Strong Performance Continues as NTPC Reports 23.4% Profit Growth in Q4FY25

NTPC’s consolidated revenue for the quarter ended March 2025 stood at ₹51,085 crore, reflecting a 4.6% year-on-year growth. The company posted a net profit of ₹7,611 crore, marking a 23.4% rise YoY. Operating profit improved to ₹14,754 crore, while the Operating Profit Margin (OPM) rose to 29.61%. Depreciation and interest expenses increased to ₹4,663 crore and ₹3,648 crore, respectively. NTPC closed the quarter with a Profit Before Tax (PBT) of ₹9,990 crore and an Earnings Per Share (EPS) of ₹7.9. On a trailing twelve-month basis, NTPC’s net profit reached ₹23,422 crore, with basic EPS rising to ₹24.2.

Key Financial Indicators Highlight NTPC’s Operational Strength and Stability

NTPC remains a market leader with a market capitalisation of ₹3,28,620 crore. The stock trades at a Price-to-Earnings (P/E) ratio of 14, which is below the industry median, suggesting a potentially attractive valuation. The PEG ratio stands at 1.1, while the Price-to-Book ratio is at 2, both within a conservative range. Institutional holdings slightly increased to 45.13%, showing steady investor confidence. While the company’s quarterly revenue growth (4.6%) and TTM revenue growth (5.4%) are below the industry median, its net profit growth YoY (23.4%) and Operating Profit Margin of 29.6% remain above the sector average. NTPC’s Piotroski Score of 8 reflects strong financial fundamentals, and its Return on Equity (ROE) stands at 12.7%, with a Return on Assets (RoA) of 4.5%.

NTPC Limited, a Maharatna PSU under the Ministry of Power, is India’s largest integrated power utility, engaged in the generation and sale of electricity across the country. The company is listed on both NSE and BSE and forms a key constituent of benchmark indices like NIFTY 50 and BSE SENSEX.

For further updates, shareholders can access the detailed postal ballot results on NTPC’s investor portal.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/88af14d6-9847-4dd5-81b1-db3f43a9990d.pdf

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