NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has announced plans to raise ₹1,500 crore through unsecured non-convertible debentures (NCDs) via private placement. This move marks a significant step in the company's financial strategy and its commitment to expanding green energy initiatives.

Key Details of the Debenture Issue

Purpose of Fundraising

The proceeds from this debenture issue are earmarked for multiple strategic purposes:

1. Financing capital expenditure
2. Refinancing existing capital expenditure
3. Providing inter-corporate loans to subsidiaries and joint ventures
4. General corporate purposes

Significance of the Issue

This debenture issue is noteworthy as it represents the first such issuance under the board approval dated April 29, 2025. The move aligns with NTPC's broader strategy of expanding its green energy portfolio and supporting sustainable power generation initiatives.

NTPC Group's Renewable Energy Push

The fundraising effort by NTPC Green Energy comes at a time when the NTPC Group is expanding its renewable energy capacity. As of September 30, 2025, NTPC Group's total installed capacity stood at 84,849 MW, with renewable energy playing an increasingly significant role.

Future Outlook

NTPC has revised its capacity addition target to 149 GW by 2032 and 244 GW by 2037, with a substantial focus on renewable energy. The company plans to invest approximately ₹7 lakh crore by 2032 to achieve these targets.

The successful raising of funds through this NCD issue will likely contribute to NTPC Green Energy's ability to execute its renewable energy projects and support the parent company's green energy goals.

As India continues its transition towards cleaner energy sources, NTPC Green Energy's fundraising initiative represents a crucial step in financing the country's sustainable energy future.

NTPC Limited , India's largest power generation company, has reported significant strides in capacity addition and financial performance for the first half of FY26, while also announcing ambitious expansion plans for the future.

Record Capacity Addition

NTPC Group has achieved its highest-ever capacity addition of 4,403 MW in the first half of FY26, bringing its total group capacity to 83,893 MW. This represents a substantial 10% increase from 76,443 MW in the previous year. The company further added 956 MW in October, totaling 5,359 MW in just seven months.

Financial Performance

For H1 FY26, NTPC standalone reported:

On a consolidated basis, the group's PAT rose by 4% to ₹11,334.00 crore.

NTPC Green Energy Limited (NGEL) Performance

NGEL demonstrated strong performance with:

• Revenue growth of 19% to ₹1,292.00 crore
• Operating EBITDA margin improvement to 88%

Revised Capacity Addition Targets

NTPC has significantly revised its capacity addition targets:

• By 2032: 149 GW (previously 130 GW)
• By 2037: 244 GW

To achieve these targets, NTPC estimates a capital expenditure requirement of ₹7 lakh crore by 2032.

Current Capacity Under Construction

NTPC's capacity under construction stands at 33 GW, comprising:

• Coal: 17 GW
• Hydro: 2 GW
• Renewable: 14 GW

Nuclear Energy Foray

The company has laid the foundation stone for the Mahi Banswara nuclear project, marking NTPC's entry into nuclear energy. The project includes:

• 4 units of 700 MW each
• Estimated cost: ₹50,000.00 crore
• Expected completion: 2032-33

Battery Energy Storage Systems (BESS)

NTPC is making significant strides in energy storage:

• Developing 1,990 MWh won through TBCB route
• 1,520 MWh at co-located solar projects
• 5,280 MWh co-located near existing solar projects
• 5,000 MWh at existing thermal projects (with viability gap funding of ₹18.00 lakh per MWh)

Sustainability Initiatives

The company continues to strengthen its ESG performance:

• Improved MSCI ESG rating from 3.4 to 4.1
• Enhanced Sustainalytics ESG risk rating from 35.7 to 31
• Declared commercial operation of Flue Gas Desulphurization systems for 20,270 MW capacity
• Increased biomass co-firing to over 5 lakh metric tons in H1 FY26

Future Outlook

NTPC remains optimistic about both the economy and the power sector. The company is focusing on timely completion of under-construction projects, strengthening fuel security, and continuously improving plant efficiency and availability. With India adding substantial thermal capacity, NTPC is playing a key role in this national mission while also driving expeditious execution of renewable projects through NGEL.

As India progresses towards becoming a developed economy, NTPC is ensuring it meets the increasing power demand while staying ahead of the competition. The company remains committed to enhancing shareholder wealth and improving performance across all facets of its business.