NTPC Limited — Others, 27-06-2025: Security Cover Certificate

NTPC Limited has maintained a strong security cover of 2.23 times on its secured non-convertible debentures (NCDs) as per the latest certificate, reflecting an improvement from 1.76 times in the previous quarter. The increase is primarily due to a reduction in certain debt components during the quarter. The security cover is calculated based on the audited book values of assets like Property, Plant and Equipment and Capital Work-in-Progress, ensuring adequacy against the outstanding debt of ₹8,591.62 Cr including accrued interest. All financial covenants related to the NCD issuance have been complied with, underscoring the company’s robust debt servicing capacity and asset backing.