Fixed Alpha
AAA

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

NTPC Limited

INE733E07JJ9· Listed on NSE & BSE

5.03%

Yield

Tenure

7Y 3M 1D

Maturity Date

16 Dec 2033

Coupon Frequency

Annual

Face Value

₹1,000

Nature

Secured

Coupon Rate

8.66%

About the Issuer

NTPC was established in 1975 and has grown to become India's largest power generation company, with the Government of India as its majority shareholder holding a significant stake. The company operates a diversified portfolio of generation assets spanning coal-based, gas-based, hydro, and renewable energy plants, playing a critical role in ensuring reliable power supply across the country. It holds Maharatna status, granted by the Government of India, which affords it greater financial and operational autonomy. NTPC functions within the regulatory framework set by the Central Electricity Regulatory Commission, which supports stability in its revenue structure, while efficient operations and consistently high plant availability underpin steady power generation.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Dec '14Coupon

₹87

Dec '15Coupon

₹87

Dec '16Coupon

₹87

Dec '17Coupon

₹87

Dec '18Coupon

₹87

Dec '19Coupon

₹87

Dec '20Coupon

₹87

Dec '21Coupon

₹87

Dec '22Coupon

₹87

Dec '23Coupon

₹87

Dec '24Coupon

₹87

Dec '25Coupon

₹87

Dec '26Coupon

₹87

Dec '27Coupon

₹87

Dec '28Coupon

₹87

Dec '29Coupon

₹87

Dec '30Coupon

₹87

Dec '31Coupon

₹87

Dec '32Coupon

₹87

Dec '33Coupon + Principal

₹1,087

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

NTPC Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE733E07JJ9If that does not work, try its BSE or NSE scrip code:BSE961810NSE31768
  2. Enter the quantity required.
  3. Enter following Price:₹1,280.39This is the Price at which you will earn Fixed Returns (Yield) of 5.03% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.