These debentures will mature on 17 April 2026.

The power generation company said that the proceeds will be utilized for funding of capital expenditure, refinancing of existing loans and other general corporate purposes.

The said debentures are proposed to be listed on the NSE.

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, the company stated.

These debentures are being issued under the recommendation of board resolution on 29 July 2022, and subsequent approval obtained through shareholders' resolution on 30 August 2022.

This is the second issue of debentures under the mentioned approval. In the first issue, debentures aggregating to Rs 500 crore were issued.

NTPC is primarily involved in the generation and sale of bulk power to state power utilities. Other business of the group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining. The Government of India holds 51.10% stake in NTPC as of 31 December 2022.

The company consolidated net profit rose 6.18% to Rs 4,776.61 crore on 33.97% jump in revenue from operations to Rs 44,601.84 crore in Q3 FY23 over Q3 FY22.

Shares of NTPC were up 0.03% to Rs 175.90 on the BSE.