NTPC Limited has decided to issue unsecured non-convertible debentures of INR 15,000 million on 21 March 2024, through private placement at a coupon of 7.48% p.a. for a tenor of 2 years, maturing on 21 March 2026. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The debentures are proposed to be listed on BSE.

Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein. These debentures are being issued under the recommendation of board resolution dated 24 June 2023 and subsequent approval obtained through shareholders' resolution dated 30 August 2023.