India’s largest power generator, NTPC Ltd., just got a green light for a significant fundraising effort. The company’s board has approved a plan to raise up to a whopping Rs 18,000 crore through the issuance of non-convertible debentures (NCDs) or bonds. This substantial capital injection will be achieved via private placement in the domestic market, spread across one or more tranches—a maximum of 12—within the next year.

This strategic move is subject to shareholder approval, which will be conducted via postal ballot. The deadline for shareholders to register their voting rights is set for June 21st. Keep an eye on this development, as it could signal important shifts in the energy sector and provide insights into NTPC’s future investment plans.