The board of National Thermal Power Corporation (NTPC Limited) has approved the proposal to raise Rs 12,000 crore. The company will raise this fund by issuing bonds and non-convertible debentures (NCDs). NTPC gave this information in a stock exchange filing. NTPC said, ‘We would like to inform that the board of the company in its meeting held on Saturday 29 June 2024 has given approval to raise funds subject to the approval of the shareholders. The company will raise this fund by issuing secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative and non-convertible debentures (bonds/NCDs).’ NTPC’s stock gave 100% return in one year On Friday, NTPC’s stock closed 0.62% higher at ₹ 379.50. It has given 100.63% return in the last one year. The stock has gained 21.97% in the last 6 months. The company’s market cap is Rs 3.56 lakh crore. NTPC is one of India’s leading power-generating companies. NTPC’s fourth-quarter profit stood at ₹6,490 crore NTPC’s profit in the fourth quarter (January-March) of FY24 increased by 33.22% year-on-year (YoY) to ₹6,490.05 crore. The company’s consolidated net profit stood at ₹4,871.55 crore in the same quarter a year ago. Income increased by 7.61% year-on-year NTPC’s consolidated revenue from operations grew by 7.61% year-on-year. Revenue from operations in the fourth quarter of FY24 stood at ₹47,622.06 crore. The revenue in the fourth quarter of FY23 i.e. the same quarter a year ago, was ₹44,253.17 crore. The company’s profit in FY 2024 was ₹21,332 crore The consolidated profit of NTPC for the entire financial year 2024 increased by 24.59% to ₹21,332.45 crore. The profit in FY 2023 was ₹17,121.35 crore. Revenue increased by 1.30% in FY 2024 The consolidated revenue of NTPC increased to ₹1,78,500.88 crore in FY 2024. The revenue in FY 2023 was ₹1,76,207.18 crore. That is, the revenue has increased by 1.30%.
