NTPC is planning to raise rupee denominated ‘Global INR’ bonds worth USD 1 billion for the purpose of financing its capital expenditure.

“NTPC is planning to raise rupee denominated Global INR bonds to part finance its capital expenditure,” a senior NTPC official said.

Recently on April 28 the NTPC board has approved a proposal to raise USD 1 billion through bonds from overseas bond markets.

According to the official NTPC would issue these Global INR bonds soon after the guidelines are notified in this regard after doing the assessment of market conditions and funds requirement this year.

NTPC mainly requires the funds for expanding its generation capacity. At present the NTPC has an installed power generation capacity of 44, 598 MW and it plans to set up 3,000 MW capacity solar power projects across the country this fiscal.