NTPC profit boost

Green bonds are debt instruments used to raise funds for eco-friendly projects and the acquisition of hydropower (renewable sector) firms can make NTPC eligibile to float for such an issue. "A higher debt funded acquisition would be more value accretive for NTPC given it has access to low-cost debt," a JM Financial report observed, adding that both the acquisitions would be earnings accretive for NTPC at a fair value. "With NTPC's strong balance sheet (FY19 net debt to equity ratio at 1.3) and annual profits of Rs 10,000-Rs 12,000 crore, these are easily funded from two-three years of internal accruals," the analysts said.According to the company's annual report, Neepco's net worth as on March 31, 2019, was Rs 6,301.29 crore. The net worth of THDCIL was Rs 9,280.78 crore as on March 31, 2019.THDCIL has a long-term borrowing of Rs 2,415 crore and a short-term borrowing of Rs 647 crore. Neepco has a long-term borrowing of Rs 6,309 crore and short-term borrowing of Rs 200 crore. DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: The Telegraphhttps://www.theverge.com/users/bentstopmes

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