NTPC rises on planning to raise term loan of $750 million in JPY denomination
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NTPC is currently trading at Rs. 166.20, up by 0.60 points or 0.36% from its previous closing of Rs. 165.60 on the BSE.
The scrip opened at Rs. 166.40 and has touched a high and low of Rs. 167.00 and Rs. 165.60 respectively. So far 123715 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.80 on 01-Nov-2022 and a 52 week low of Rs. 123.70 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 168.60 and Rs. 164.10 respectively. The current market cap of the company is Rs. 161449.49 crore.
The promoters holding in the company stood at 51.10% while Institutions and Non-Institutions held 46.29% and 2.62 % respectively.
NTPC is planning to raise term loan of $750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects. The company has sought bids for the JPY loan, which is to be raised through External Commercial Borrowing route. The term loan would be for $150 million with green shoe option of $600 million.
The proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/Rupee loan availed domestically for CAPEX (capital expenditure) etc.
NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.
