State-owned power firm National Thermal Power Corporation Ltd., or NTPC, Friday said in New Delhi that it would raise up to $750 million through bonds and syndicate loans in the current fiscal year and is awaiting the Finance Ministry's nod, reports said quoting Chairman and Managing Director Arup Roy Choudhury.
He said, "We plan to raise $500 to 750 million through bond issue, and if we are unable to raise up to $750 million through bond issue we would raise $250 million via syndicated loans."
We are hopeful of raising this amount this fiscal as soon as we receive Finance Ministry's approval for the same, he said.
The company has set a capital expenditure plan of Rs.20,000 crore during the current fiscal. It has set a capex of Rs.2,19,000 crore for the 12th Plan period (2012-17), he added.
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by RTT Staff Writer
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