<p>Even as the government has initiated a move to sell 9.50 per cent stake in the NTPC to meet its disinvestment target of Rs 30,000 crore in the current fiscal, the state-run power generation major does not see any requirement of it.<br /><br /></p>.<p>“We do not need to divest any stake for raising funds. We have tied up adequate funds at cheap rates,’’ NTPC Chairman & Managing Director Arup Roy Choudhury said.<br /><br />Sharing the performance highlights of fiscal 2011-12, he said the company plans to raise $750 million via bonds issue and syndicated loans from overseas markets.<br />He expressed confidence that the company would be able to raise the amount in the current fiscal. “We are awaiting some clarification from the finance ministry on withholding tax,” he added.<br /><br />On whether NTPC plans to issue fresh equity, he said the company did not need money for capacity expansion as funds have already been tied up.<br /><br />The company has plans to add 14,038 MW capacity during the 12th Five Year Plan. Of this, 2160 MW capacity has been added so far.</p>
<p>Even as the government has initiated a move to sell 9.50 per cent stake in the NTPC to meet its disinvestment target of Rs 30,000 crore in the current fiscal, the state-run power generation major does not see any requirement of it.<br /><br /></p>.<p>“We do not need to divest any stake for raising funds. We have tied up adequate funds at cheap rates,’’ NTPC Chairman & Managing Director Arup Roy Choudhury said.<br /><br />Sharing the performance highlights of fiscal 2011-12, he said the company plans to raise $750 million via bonds issue and syndicated loans from overseas markets.<br />He expressed confidence that the company would be able to raise the amount in the current fiscal. “We are awaiting some clarification from the finance ministry on withholding tax,” he added.<br /><br />On whether NTPC plans to issue fresh equity, he said the company did not need money for capacity expansion as funds have already been tied up.<br /><br />The company has plans to add 14,038 MW capacity during the 12th Five Year Plan. Of this, 2160 MW capacity has been added so far.</p>
