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

NTPC has confirmed maintaining a strong security cover of 5.7 times (market value) against its outstanding non-convertible debentures (NCDs), ensuring adequate asset backing for debt holders. This cover is supported by property, plant, and equipment along with capital work in progress, valued primarily on book value due to the nature of the assets. The confirmation comes from an independent audit verifying the accuracy of security cover calculations based on audited financials. This robust security profile reduces credit risk, providing assurance to investors on the company’s debt servicing capability.