NTPC unveils its plan to raise Rs 4500 crore

NTPC LtdIndia’s state-run power generator NTPC Ltd has revealed its plans to raise up to Rs 4,500 crore from domestic as well as international markets for meeting its expansion plans in the current financial year.

The company intends to raise up to $500 million from the global market by March, to support their expansion plan.

The company also plans to raise Rs 2,000 crore from the domestic market through private placement of bonds.

NTPC stock ended the day at Rs 144, down 5% compared to its previous close of Rs 152.

A leading technical expert stated in an interview that high risk Investors can buy the scrip when its falls below Rs141. Otherwise a good entry point for medium to long term Investment would be between Rs 115-125.

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