NTPC Tax-free Bonds Public Issue Opens Wednesday Sep 23,2015

 

NTPC's first public issue of tax-free bonds for 2015-16 opens on Wednesday SEp 23,2015 — power generator NTPC is leading the charge. Retail investors (those investing up to ₹10 lakh) will get 7.36 per cent, 7.53 per cent and 7.62 per cent, annually, on the 10-, 15- and 20-year bonds, respectively. Other investors will get 0.25 percentage points less across the tenures. Interest on these bonds, which will be paid out annually, is exempt from tax.

Note

National Thermal Power Corporation Limited(NTPC) is an Indian Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities.

NTPC was founded by Govt of India in 1975, which now holds 70% of its equity shares on 13 May 2015(after divestment of its stake in 2004, 2010, 2013, and 2015)
In May 2010, NTPC was conferred Maharatna status by the Union Government of India.It is ranked 424th in the Forbes Global 2000 for 2014

It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act.

The headquarters of the company is situated at New Delhi.

 NTPC's core business is generation and sale of electricity to state-owned power distribution companies and State Electricity Boards in India

NTPC is the largest power company in India with an electric power generating capacity of 43,803 MW
Although the company has approx. 18% of the total national capacity it contributes to over 27% of total power generation due to its focus on operating its power plants at higher efficiency levels

NTPC  also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management and operation and management of power plants.