NTPC Limited

Psu

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Methodology v1.0 Download Report (PDF)
Latest Rating
AAA (CRISIL)
Total Debt Outstanding
₹42,665 Cr
Across 85 instruments
Listed Bonds
85
First Issue
2010-03-25
Latest Issue
2025-06-17
Maturity Range
2026 - 2040
Observation
85 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Issuer Type
Psu
First Tracked Bond
2010-03-25
Start of this issuer's debt program timeline
  • 85 active bonds tracked from this issuer.
  • 75 of 85 tracked bonds with a stated security status are secured. (based on 85 bonds with a disclosed security status)
  • Most recent rating action: reaffirm by CRISIL on 2026-06-25.

Operating in India, NTPC Limited is classified as a public sector undertaking (PSU). Bond coupons here span 6.29% - 9.67%, paid annual. The maturity ladder spans 2026 - 2040.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
85
Tracked by RetailBonds
Amount Tracked
₹42,665 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
8.71%
Range 6.29% - 9.67%
Avg Remaining Tenure
3.6 Yrs
Nearest maturity 2026-09
Secured
88%
75 of 85 bonds with known status
Callable
10
Of 85 bonds
Avg Spread vs G-Sec
+307 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (14 bonds).

0 2026: 4 bonds, ₹688 Cr tracked, avg coupon 8.69% 4 bonds 2026 2027: 13 bonds, ₹267 Cr tracked, avg coupon 9.17% 13 bonds 2027 2028: 13 bonds, ₹408 Cr tracked, avg coupon 9.09% 13 bonds 2028 2029: 14 bonds, ₹8,472 Cr tracked, avg coupon 8.95% 14 bonds 2029 2030: 13 bonds, ₹244 Cr tracked, avg coupon 8.91% 13 bonds 2030 2031: 13 bonds, ₹11,520 Cr tracked, avg coupon 8.32% 13 bonds 2031 2032: 5 bonds, ₹3,190 Cr tracked, avg coupon 8.45% 5 bonds 2032 2033: 3 bonds, ₹1,212 Cr tracked, avg coupon 8.34% 3 bonds 2033 2034: 1 bond, ₹320 Cr tracked, avg coupon 8.61% 1 bond 2034 2035: 4 bonds, ₹8,348 Cr tracked, avg coupon 7.18% 4 bonds 2035 2036: 1 bond, ₹3,996 Cr tracked, avg coupon 6.87% 1 bond 2036 2040: 1 bond, ₹4,000 Cr tracked, avg coupon 7.26% 1 bond 2040

Security Type / Instrument Mix

  • NCD 85 bonds · 100% · ₹42,665 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2010: ₹133 Cr issued 2010 2011: ₹115 Cr issued 2011 2012: ₹290 Cr issued 2012 2013: ₹1,053 Cr issued 2013 2014: ₹425 Cr issued 2014 2015: ₹526 Cr issued 2015 2016: ₹5,652 Cr issued 2016 2019: ₹8,300 Cr issued 2019 2020: ₹1,000 Cr issued 2020 2021: ₹10,671 Cr issued 2021 2022: ₹2,500 Cr issued 2022 2025: ₹12,000 Cr issued 2025 Cumulative: ₹133 Cr Cumulative: ₹248 Cr Cumulative: ₹538 Cr Cumulative: ₹1,591 Cr Cumulative: ₹2,016 Cr Cumulative: ₹2,542 Cr Cumulative: ₹8,194 Cr Cumulative: ₹16,494 Cr Cumulative: ₹17,494 Cr Cumulative: ₹28,166 Cr Cumulative: ₹30,666 Cr Cumulative: ₹42,666 Cr

Based on 85 of 85 active bonds with a known issue date and issue size.

Financial Snapshot

Q1 FY26
Debt / Equity
0.01
 
Debt Service Coverage (DSCR)
0.01
 
Interest Service Coverage (ISCR)
0.05
 
Revenue from Operations
₹50,740.96 Cr
 
Net Profit / Loss
₹6,896.44 Cr
 
Profit Before Tax
₹8,011.40 Cr
 

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 24 Jul 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AAA 85 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AAA 35
CARE AAA 26
ICRA AAA 24
INDIA_RATINGS AAA 4
CRISIL AAA Stable 3

Recent Rating Actions

2026-06-25 · CRISIL
AA
Reaffirmed · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE733E07DV7 8.785% Secured Non-Cumulative Non-Convertible Redeemable Taxable Bond. Series - XXXV - K. Date of Maturity 15/09/2026. 8.79% AAA (ICRA) 2026-09-15
INE733E07KF5 7.47% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 63. LETTER OF ALLOTMENT. DATE OF MATURITY 16/09/2026 7.47% AAA (CRISIL) 2026-09-16
INE733E07EK8 8.8086% Secured Non-Cumulative Non-Convertible Redeemable Taxable Bond. (in the nature of Debentures) Series - XXXVI - K. Date of Maturity 15/12/2026. 8.81% AAA (CARE) 2026-12-15
INE733E07GS6 9.6713% Secured Non- Cumulative, Non-Convertible Taxable Bond. Letter of Allotment. Series- XLI- STRPP J. Date of Maturity 23/12/2026 9.67% AAA (CARE) 2026-12-23
INE733E07HC8 9.00% Secured Non Cumulative, Non-Convertible Taxable Bond. Letter of Allotment. Series- XLII, STRPP E. Date of Maturity 25/01/2027 9.00% AAA (ICRA) 2027-01-25
INE733E07HM7 9.2573% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bond in the nature of Debentures. Letter of Allotment. Series-XLIII - STRPP J. Date of Maturity 02/03/2027 9.26% AAA (CRISIL) 2027-03-02
INE733E07FA6 9.17% Secured Non-Cumulative,Non-Convertible Taxable Bond. Letter of Allotment. Series- XXXVIII- STRPP K. Date of Maturity 22/03/2027 9.17% AAA (CRISIL) 2027-03-22
INE733E07CR7 8.8493% Secured Non cumulative non convertible Redeemable Taxable Bonds in the nature of debenture Series XXXII. Letter of Allotment.STRPP- L . Date of Maturity: 25/03/2027 8.85% AAA (CARE) 2027-03-25
INE733E07HW6 9.25% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bond in the nature of Debentures. Letter of Allotment. Series-XLIV -STRPP-E. Date of Maturity 04/05/2027 9.25% AAA (CRISIL) 2027-05-04
INE733E07IG7 9.4376% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bonds in the nature of Debentures. Letter of Allotment. Series-XLV -STRPP-J. Date of Maturity 16.05.2027 9.44% AAA (ICRA) 2027-05-16
INE733E07FP4 9.3896% Secured Non-Cumulative,Non-Convertible Taxable Bond. Letter of Allotment. Series- XXXIX- STRPP K. Date of Maturity 09/06/2027 9.39% AAA (CARE) 2027-06-09
INE733E07DH6 8.7100% Secured Non cumulative non convertible Redeemable Taxable Bonds in the nature of debenture Series XXXIV. Letter of Allotment.STRPP- L . Date of Maturity: 10/06/2027 8.71% AAA (ICRA) 2027-06-10
INE733E07IV6 9.3473% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bonds in the nature of Debentures. Letter of Allotment. Series-XLVI -STRPP-J. Date of Maturity 20.07.2027 9.35% AAA (CRISIL) 2027-07-20
INE733E07GE6 9.558% Secured Non- Cumulative, Non-Convertible Taxable Bond. Letter of Allotment. Series- XL- STRPP K. Date of Maturity 29/07/2027 9.56% AAA (ICRA) 2027-07-29
INE733E07DW5 8.785% Secured Non-Cumulative Non-Convertible Redeemable Taxable Bond. Series - XXXV - L. Date of Maturity 15/09/2027 8.79% AAA (CRISIL) 2027-09-15
INE733E07EL6 8.8086% Secured Non-Cumulative Non-Convertible Redeemable Taxable Bond. (in the nature of Debentures) Series - XXXVI - L. Date of Maturity 15/12/2027. 8.81% AAA (CRISIL) 2027-12-15
INE733E07GT4 9.6713% Secured Non- Cumulative, Non-Convertible Taxable Bond. Letter of Allotment. Series- XLI- STRPP K. Date of Maturity 23/12/2027 9.67% AAA (ICRA) 2027-12-23
INE733E07HN5 9.2573% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bond in the nature of Debentures. Letter of Allotment. Series-XLIII - STRPP K. Date of Maturity 02/03/2028 9.26% AAA (CARE) 2028-03-02
INE733E07FB4 9.17% Secured Non-Cumulative,Non-Convertible Taxable Bond. Letter of Allotment. Series- XXXVIII- STRPP L. Date of Maturity 22/03/2028 9.17% AAA (ICRA) 2028-03-22
INE733E07CS5 8.8493% Secured Non cumulative non convertible Redeemable Taxable Bonds in the nature of debenture Series XXXII. Letter of Allotment.STRPP- M . Date of Maturity: 25/03/2028 8.85% AAA (ICRA) 2028-03-25
INE733E07IH5 9.4376% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bonds in the nature of Debentures. Letter of Allotment. Series-XLV -STRPP-K. Date of Maturity 16.05.2028 9.44% AAA (ICRA) 2028-05-16
INE733E07FQ2 9.3896% Secured Non-Cumulative,Non-Convertible Taxable Bond. Letter of Allotment. Series- XXXIX- STRPP L. Date of Maturity 09/06/2028 9.39% AAA (CRISIL) 2028-06-09
INE733E07DI4 8.7100% Secured Non cumulative non convertible Redeemable Taxable Bonds in the nature of debenture Series XXXIV. Letter of Allotment.STRPP- M . Date of Maturity: 10/06/2028 8.71% AAA (CRISIL) 2028-06-10
INE733E07IW4 9.3473% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bonds in the nature of Debentures. Letter of Allotment. Series-XLVI -STRPP-K. Date of Maturity 20.07.2028 9.35% AAA (ICRA) 2028-07-20
INE733E07GF3 9.558% Secured Non- Cumulative, Non-Convertible Taxable Bond. Letter of Allotment. Series- XL- STRPP L. Date of Maturity 29/07/2028 9.56% AAA (CRISIL) 2028-07-29
INE733E07DX3 8.785% Secured Non-Cumulative Non-Convertible Redeemable Taxable Bond. Series - XXXV - M. Date of Maturity 15/09/2028 8.79% AAA (CARE) 2028-09-15
INE733E07EM4 8.8086% Secured Non-Cumulative Non-Convertible Redeemable Taxable Bond. (in the nature of Debentures) Series - XXXVI - M. Date of Maturity 15/12/2028. 8.81% AAA (CARE) 2028-12-15
INE733E07JI1 8.73% SECURED NON-CONVERTIBLE REDEEMABLE TAX FREE BONDS IN THE NATURE OF DEBENTURES. SERIES 2B. DATE OF MATURITY 16/12/2028 8.73% AAA (ICRA) 2028-12-16 3.32% 2026-08-24
INE733E07JF7 8.48% SECURED NON-CONVERTIBLE REDEEMABLE TAX FREE BONDS IN THE NATURE OF DEBENTURES. SERIES 2A. DATE OF MATURITY 16/12/2028 8.48% AAA (ICRA) 2028-12-16 1.86% 2026-08-07
INE733E07GU2 9.6713% Secured Non- Cumulative, Non-Convertible Taxable Bond. Letter of Allotment. Series- XLI- STRPP L. Date of Maturity 23/12/2028 9.67% AAA (CRISIL) 2028-12-23
INE733E07KJ7 NTPCL-8.3%-15-1-19-PVT 8.30% AAA (CRISIL) 2029-01-15 7.00% 2026-07-08
INE733E07HO3 9.2573% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bond in the nature of Debentures. Letter of Allotment. Series-XLIII - STRPP L. Date of Maturity 02/03/2029 9.26% AAA (ICRA) 2029-03-02
INE733E07JL5 NTPC-8.63%-LIB-04-03-29-PVT 8.63% AAA (CRISIL) 2029-03-04
INE733E07FC2 9.17% Secured Non-Cumulative,Non-Convertible Taxable Bond. Letter of Allotment. Series- XXXVIII- STRPP M. Date of Maturity 22/03/2029 9.17% AAA (CARE) 2029-03-22
INE733E07CT3 8.8493% Secured Non cumulative non convertible Redeemable Taxable Bonds in the nature of debenture Series XXXII. Letter of Allotment.STRPP- N . Date of Maturity: 25/03/2029 8.85% AAA (CRISIL) 2029-03-25
INE733E07II3 9.4376% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bonds in the nature of Debentures. Letter of Allotment. Series-XLV -STRPP-L. Date of Maturity 16.05.2029 9.44% AAA (CRISIL) 2029-05-16
INE733E07FR0 9.3896% Secured Non-Cumulative,Non-Convertible Taxable Bond. Letter of Allotment. Series- XXXIX- STRPP M. Date of Maturity 09/06/2029 9.39% AAA (CRISIL) 2029-06-09
INE733E07DJ2 8.7100% Secured Non cumulative non convertible Redeemable Taxable Bonds in the nature of debenture Series XXXIV. Letter of Allotment.STRPP- N . Date of Maturity: 10/06/2029 8.71% AAA (CARE) 2029-06-10
INE733E07KL3 NTPC-7.32%-17-7-29-PVT 7.32% AAA (CRISIL) 2029-07-17 7.12% 2026-08-20
INE733E07IX2 9.3473% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bonds in the nature of Debentures. Letter of Allotment. Series-XLVI -STRPP-L. Date of Maturity 20.07.2029 9.35% AAA (CARE) 2029-07-20
INE733E07GG1 9.558% Secured Non- Cumulative, Non-Convertible Taxable Bond. Letter of Allotment. Series- XL- STRPP M. Date of Maturity 29/07/2029 9.56% AAA (CRISIL) 2029-07-29
INE733E07DY1 8.785% Secured Non-Cumulative Non-Convertible Redeemable Taxable Bond. Series - XXXV - N. Date of Maturity 15/09/2029 8.79% AAA (CRISIL) 2029-09-15
INE733E07EN2 8.8086% Secured Non-Cumulative Non-Convertible Redeemable Taxable Bond. (in the nature of Debentures) Series - XXXVI - N. Date of Maturity 15/12/2029. 8.81% AAA (CARE) 2029-12-15
INE733E07GV0 9.6713% Secured Non- Cumulative, Non-Convertible Taxable Bond. Letter of Allotment. Series- XLI- STRPP M. Date of Maturity 23/12/2029 9.67% AAA (CARE) 2029-12-23
INE733E07HP0 9.2573% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bond in the nature of Debentures. Letter of Allotment. Series-XLIII - STRPP M. Date of Maturity 02/03/2030 9.26% AAA (CRISIL) 2030-03-02
INE733E07FD0 9.17% Secured Non-Cumulative,Non-Convertible Taxable Bond. Letter of Allotment. Series- XXXVIII- STRPP N. Date of Maturity 22/03/2030 9.17% AAA (CARE) 2030-03-22
INE733E07CU1 8.8493% Secured Non cumulative non convertible Redeemable Taxable Bonds in the nature of debenture Series XXXII. Letter of Allotment.STRPP- O . Date of Maturity: 25/03/2030 8.85% AAA (CRISIL) 2030-03-25
INE733E07IJ1 9.4376% Secured Non-Cumulative, Non-Convertible Redeemable Taxable Bonds in the nature of Debentures. Letter of Allotment. Series-XLV -STRPP-M. Date of Maturity 16.05.2030 9.44% AAA (CARE) 2030-05-16
INE733E07FS8 9.3896% Secured Non-Cumulative,Non-Convertible Taxable Bond. Letter of Allotment. Series- XXXIX- STRPP N. Date of Maturity 09/06/2030 9.39% AAA (CRISIL) 2030-06-09
INE733E07DK0 8.7100% Secured Non cumulative non convertible Redeemable Taxable Bonds in the nature of debenture Series XXXIV. Letter of Allotment.STRPP- O . Date of Maturity: 10/06/2030 8.71% AAA (CRISIL) 2030-06-10
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
85
Avg. Yield (Last 30 Days)
4.53%
06 Payment Disclosures (SEBI Reg52(4)) 2 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
2026-08-25 7.44% UNSECURED RATED LISTED... Interest ₹1,488,000,000.00 ₹1,488,000,000.00 Paid XBRL →
2026-07-31 NTPC-6.29%-11-4-31-PVT Interest ₹629,000,000.00 ₹629,000,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

07 Regulatory Filings
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 92 2026-06-28
Rating Actions History 1 2026-06-25
Secondary-Market Trades 150 2026-08-27
Reg52(4) Payment Disclosures 2 2026-08-25

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does NTPC Limited have?

NTPC Limited currently has 85 active bonds with coupons 6.29% - 9.67%, maturities spanning 2026 - 2040.

What is NTPC Limited's credit rating?

The most recent rating on NTPC Limited's bonds is AAA (CRISIL), published by CARE, CRISIL, ICRA, INDIA_RATINGS.

Are NTPC Limited's bonds secured?

Of the 85 bonds with a disclosed security status, 75 are secured (88%) and 10 are unsecured.

When do NTPC Limited's bonds mature?

NTPC Limited's active bonds mature between 2026 - 2040; the nearest matures in 2026-09; the average tenure is 3.6 Yrs.

What is the average coupon on NTPC Limited's bonds?

The average coupon across NTPC Limited's 85 active bonds is 8.71%.

Disclaimer: This page aggregates publicly available data about NTPC Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.