Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 August, 2017 14:27 IST
NTPC gets nod to raise up to USD 6 bn through bonds
Source: IRIS | 20 Apr, 2017, 11.32AM
Comments  |  Post Comment

NTPC has received an approval for updating and upsizing the USD 4 billion MTN (medium term note) programme up to USD 6 billion for raising debt from international markets to part finance the capital expenditure on new / ongoing projects, coal mining projects, renovation and modernization of power stations and for other permissible end uses subject to compliance of the provisions of the Companies Act, 2013, the ECB guidelines of the RBI. The board of directors at its meeting held on April 19, 2017 has approved for the same.

The company has also received approval to issue Notes up to Rs 50 billion (Rupee denominated bonds) and/or up to USD 750 million equivalent (foreign currency bonds other than INR denominated) in the international markets either under the MTN programme or on standalone basis, in one or more tranches on the terms and conditions as may be agreed with the prospective investor(s) to finance the capital expenditure of new / ongoing projects, coal mining projects, renovation and modernization of power stations and/or for such other purposes as permissible under the ECB guidelines of the RBI.

Shares of the company declined Rs 0.15, or 0.09%, to trade at Rs 164.55. The total volume of shares traded was 173,666 at the BSE (11.24 a.m., Thursday).



NTPC Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Telecommunications sector to generate 30 lakh jobs by 2018: Assocham-KPMG - 18-Aug-2017 12:20
Vishal Sikka resigns as MD & CEO of Infosys - 18-Aug-2017 12:12
HDFC Bank revises interest rates on saving bank accounts - 18-Aug-2017 11:42
Power Grid to invest Rs 19.31 bn for power transmission related project - 18-Aug-2017 11:30
Infosys in association with ATP unveils new PlayerZone - 18-Aug-2017 11:26
Raymond acquires Ansel's stake in JV entity 'JK Ansell' - 18-Aug-2017 10:24
Piramal Enterprises' arm acquires 100% stake in Context Matters - 17-Aug-2017 10:03
Karnataka Bank ventures into social media presence - 17-Aug-2017 10:00
Majesco expands strategic partnership with tier one insurer - 17-Aug-2017 09:54
L&T to divest entire stake in L&T Cutting Tools for Rs 1.74 bn - 17-Aug-2017 09:46
EESL and IOCL, BPCL & HPCL sign MOUs for distribution of energy efficient appliances - 17-Aug-2017 08:46
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer