State-run NTPC announced on Thursday that it has received shareholders’ approval to raise up to Rs 18,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.

According to a regulatory filing, the funds will be raised in up to 12 tranches during a one-year period starting from the date of the special resolution’s approval.

NTPC had issued a postal ballot notice on June 23, 2025, seeking shareholder consent via remote e-voting to raise funds through secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative NCDs totaling up to Rs 18,000 crore.