NTPC said in a regulatory filing, “The Board of Directors of the company, at its meeting held on Saturday, June 29, approved the issue of secured/unsecured, redeemable, taxable/tax-free, cumulative Is. /Non-cumulative, non-convertible debentures ('Bonds/NCDs') up to Rs 12,000 crore in one or more tranches/series through private placement in the domestic market during the period commencing from the date of passage of the special. resolution until the completion of one year or the date of the next annual general meeting in the financial year 2025-26, whichever is earlier."

“The size, tenure, listing details (BSE and/or NSE), coupon, security (if applicable), and other details as applicable will be decided at the time of issuance of each tranche/series,” it said.

NTPC is also going to launch the world's first and largest 4G ethanol project at its Lara Thermal Plant in Chhattisgarh. Jackson Green Pvt., the renewable energy arm of the Jackson Group, had earlier this month announced that it had signed an agreement with NTPC to set up the project.

NTPC posted a net profit of Rs 21,332 crore for the financial year ending March 31, 2024, showing a growth of about 25 per cent over the corresponding figures of the previous year.

The company's share price closed 0.62 per cent higher at Rs 379.50 on the BSE on Friday.