In a regulatory filing, NTPC said, “The board of directors of the company have approved the issuance of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs) up to Rs 12,000 crore in one or more tranches/series not exceeding 12, through private placement in domestic market during the period commencing from the date of passing of special resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2024-25, whichever is earlier.”

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As on 30 September 2022, the Government of India holds 51.10% in NTPC.

The company recorded 1% rise in standalone net profit to Rs 5,672.32 crore on a 21.8% increase in total income to Rs 43,399.15 crore in Q4 FY23 as compared with Q4 FY22.

Shares of NTPC declined 0.88% to Rs 184.90 on the BSE.