ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Vijaya Shrimp Farms and Exports

EPW Research Foundation National Thermal Power Corporation NATIONAL THERMAL POWER CORPORATION, a public sector enterprise; and the largest power utility with an installed capacity representing over one- fourth of total thermal power generating capacity in the country, generated a record 66,092 million units (mu) on a plant load factor (plf) of 70 per cent which accounted for 29 per cent of the all-India thermal generation. The company is proposing to make a public issue of taxable bonds of Rs 1,000 each totalling Rs 150 crore. The bonds (which will be exempt from wealth tax) have been rated AA +' by CRISlL and will be issued in the form of two schemes. The first is a regular return bond which will carry an interest rate of 16.5 per cent payable half yearly and will be redeemable after seven years while the second is a triple money bond redeemable after seven years at a maturity value of Rs 3,030 with an option to the holder to redeem at the end of three years at a maturity value of Rs 1,610. Both schemes carry a buy-back option at par after one year from the date of allotment to individual bondholders who are original allottees and hold bonds up to Rs 40,000. The issue which opens for public subscription on November 25, will be lead managed by SBI Capital Markets, DSP Financial Consultants and J M Financial and Investment Consultancy Services.

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