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- NTPC Gets Board Approval For Raising Of Rs 12,000 Crore Via Bonds And NCDs
Mumbai35 minutes ago
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The board of the company has approved the proposal of National Thermal Power Corporation i.e. NTPC Limited to raise Rs 12,000 crore. The company will raise this fund by issuing bonds and non-convertible debentures (NCDs). NTPC gave this information in its stock exchange filing.
NTPC said, ‘We wish to inform that the Board of the company in its meeting on Saturday, June 29, 2024 has given approval to raise funds subject to the approval of the shareholders.
The company will raise this fund by issuing secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative and non-convertible debentures (Bonds/NCDs).
NTPC shares gave 100% return in one year
NTPC shares closed 0.62% higher at ₹379.50 on Friday. It has given 100.63% returns in the last one year. The stock has risen 21.97% in the last 6 months. The market cap of the company is Rs 3.56 lakh crore. NTPC is one of India’s leading power-generating companies.
NTPC’s fourth-quarter profit stood at ₹6,490 crore
NTPC’s profit in the fourth quarter (January-March) of FY24 increased by 33.22% year-on-year (YoY) to ₹6,490.05 crore. The company’s consolidated net profit in the same quarter a year ago was ₹4,871.55 crore.
Income increased by 7.61% on annual basis
Consolidated revenue from operations of NTPC increased by 7.61% on an annual basis. Revenue from operations stood at ₹47,622.06 crore in Q4FY24. Revenue in the same quarter a year ago i.e. fourth quarter of FY23 was ₹44,253.17 crore.
The company’s profit in the financial year 2024 was ₹ 21,332 crore.
NTPC’s consolidated profit for full fiscal year 2024 increased by 24.59% to ₹21,332.45 crore. The profit in FY 2023 was ₹17,121.35 crore.
1.30% increase in revenue in financial year 2024
NTPC’s consolidated revenue increases to ₹1,78,500.88 crore in FY2024. Revenue in FY 2023 was ₹1,76,207.18 crore. That means there has been an increase of 1.30% in revenue.
