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NTPC reports incremental borrowings of Rs 24,056 crore for FY20

NTPC raised Rs 7,356.50 crore through debt securities in 2019-20 against the mandatory borrowings to be done through issuance of debt securities worth Rs 6,014.13 in the fiscal

twitter-logoPTI | June 25, 2020 | Updated 14:18 IST
NTPC reports incremental borrowings of Rs 24,056 crore for FY20
During the last fiscal the NTPC had acquired government of India's entire stake in Tehri Hydro Power Complex (THDCIL) India and North Eastern Electric Power Corporation (NEEPCO) for Rs 11,500 crore

State-run power giant NTPC on Thursday said that its incremental borrowings during 2019-20 stood at Rs 24,056.50 crore, while its total borrowings were 1,07,373.37 crore as on March 31, 2020. Incremental borrowings have original maturity of more than one year and these exclude external commercial borrowings, NTPC stated in a regulatory filing.

NTPC raised Rs 7,356.50 crore through debt securities in 2019-20 against the mandatory borrowings to be done through issuance of debt securities worth Rs 6,014.13 in the fiscal, it said. During the last fiscal the NTPC had acquired government of India's entire stake in Tehri Hydro Power Complex (THDCIL) India and North Eastern Electric Power Corporation (NEEPCO) for Rs 11,500 crore.

NTPC acquired the government's 74.496 per cent equity stake in THDCIL for Rs 7,500 crore and 100 per cent equity of the centre in NEEPCO for Rs 4,000 crore. At present, the largest power generating company in the country has an installed capacity of 62,110 MW comprising of 45 NTPC stations and 25 joint venture stations.

NTPC has formulated a long-term corporate plan to become a 130 GW-company till 2032, it said.

Also read: Canara Bank posts Rs 2,236 crore net loss in FY20 on higher provisions

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