The Board of Directors of NTPC Ltd, in its Meeting held on 19.04.2017, has accorded approval for updating and upsizing the USD 4 billion MTN programme upto 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, in the aforesaid Meeting, has approved the proposal to issue Notes up to INR 50 billion (Rupee denominated bonds) and/or upto 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 NTPC LTD. was last trading in BSE at Rs.164.7 as compared to the previous close of Rs. 161.7. The total number of shares traded during the day was 245590 in over 2092 trades.
The stock hit an intraday high of Rs. 165.45 and intraday low of 161.3. The net turnover during the day was Rs. 40362466.