NTPC Board to Consider Raising Funds of up to Rs 12,000 Crore via NCDs on June 24

22 Jun 2023 , 10:19 AM

NTPC (National Thermal Power Corporation) Ltd. has announced that its Board of Directors will convene in New Delhi on Saturday, June 24, 2023, to discuss the potential issuance of bonds or non-convertible debentures (Bonds/NCDs) worth up to Rs 12,000 crore, subject to approval by shareholders at the upcoming annual general meeting.

The company’s financial reports reveal that it achieved an operating profit of Rs 49,499.15 crores in FY23, compared to Rs 42,604.59 crores in FY22. The net profit for FY23 amounted to Rs 16,341.58 crores, up from Rs 15,940.16 crores in FY22.

NTPC has maintained a healthy dividend payout of 42%, and its stock offers a favorable dividend yield of 3.73% for Q4FY22. The stock is currently valued at a price-to-earnings (PE) ratio of 10.8x and boasts a return on equity (ROE) of 9.81%.

Foreign institutional investors (FIIs) have reportedly increased their share in the corporation from 14.74% in FY22 to 15.61% in FY23. As per data, Year-to-date, shares of NTPC Ltd have surged by 11.43%, reaching Rs 187.20 per share. The stock has delivered a 36% return on an annual basis.

NTPC Ltd, along with its affiliates, subsidiaries, and joint ventures, primarily focuses on the generation and sale of bulk electricity to state power utilities. The company is also involved in project management and supervision, energy trading, oil and gas exploration, and coal mining.

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