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The board of NTPC has provided its approval to the proposal to increase the amount to be raised by issuing bonds in international markets to USD 6 billion from USD 4 billion.
It has said in a BSE filing that “The Board of Directors, in its meeting held on April 19, 2017, has accorded approval for updating and upsizing the USD 4 billion MTN (medium term note) programme up to USD 6 billion for raising debt from international markets to part finance capital expenditure on new/ongoing projects, coal mining projects, renovation and modernisation of power stations and for other permissible end uses.”
