NTPC Plans to Secure ₹4,000 Crore Through NCDs, Increases Capacity by 660 MW with North Karanpura Unit Completion

State-owned power leader NTPC announced on Friday its decision to raise ₹4,000 crore via the issuance of non-convertible debentures (NCDs). The funds will be used for capital expenditures, refinancing existing loans, and other general corporate needs, the company stated in a regulatory filing.

NTPC plans to issue unsecured non-convertible debentures worth ₹4,000 crore on June 17, 2025, through private placement, offering a coupon rate of 6.89 percent per annum for a duration of 10 years and 1 day, maturing on June 18, 2035, according to the filing.

On Thursday, NTPC also announced the successful completion of trial operations for a third unit of 660 MW at its North Karanpura Super Thermal Power Project in Jharkhand, bringing its total installed capacity to 81,368 MW.

The 3×660 MW North Karanpura Super Thermal Power (STPP) project is a coal-based facility situated in the Chatra district of Jharkhand.

“Unit-3 of the 660 MW capacity of the project has completed trial operations and is now included in the installed capacity of NTPC Limited,” the company noted in its filing.

“As a result, NTPC’s total installed capacity has reached 60,266 MW on a standalone basis and 81,368 MW on a group basis,” it added.