NTPC To Issue Bond : The country’s thermal power sector company National Thermal Power Corporation Limited (NTPC Limited) has got approval from shareholders to issue its bonds. After which the company is going to raise Rs 12,000 crore by issuing its bonds.
Approval received in AGM
Let us tell you that this has been approved in the Annual General Meeting of NTPC. The money will be raised by issuing non-convertible debentures to NTPC on private placement basis. Shareholders have approved it. In the notice of the AGM, the amount to be raised in one or more installments will be used for capital expenditure and general corporate work. However, the board of directors of the company approved the proposal on 29 July 2022.
so much electricity generation
NTPC’s power generation stood at 86.88 billion units in the June quarter, compared to 71.74 billion units last year. NTPC is the largest power company in the country with a total installed capacity of 69,134.20 MW.
Shares up 42 percent
NTPC shares have risen 42 per cent in the last year. During this time it has reached from Rs 115 to Rs 164. So far this year, the stock has gained 30 percent and in the last one month, 5 percent has been seen. The 1-year high for the stock is Rs 166, while the low is Rs 112.
earned so much
NTPC’s net profit in the June quarter of the current financial year has increased by more than 15 per cent to Rs 3,977.77 crore. In the same quarter a year ago, the company’s profit was Rs 3,443.72 crore. The total income of the company increased to Rs 43,560.72 crore. However, it was Rs 30,390.60 crore in the same period last year. The company’s expenses in the June quarter stood at Rs 38,399.33 crore. The expenditure in the corresponding period last year was Rs 26,691.49 crore.
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