NEW DELHI: Country's largest power producer NTPCBSE -0.18 % is planning to raise rupee denominated 'Global INR' bonds worth USD 1 billion to finance its capital expenditure.

NTPC has clarified that it was not interested in taking over the project contrary to the prevailing “wrong impression that NTPC is very keen to step into the Tilaiya project”.

Country's largest power producer, the NTPC is setting up a 5X800 MW Super thermal Power Project at Lara in Raigarh District of Chhattisgarh. The project is based on super critical technology. The coal requirement will be met from Talaipalli Coal Block of Mand Raigarh Coalfields.

The ITI had been set up by the company in the vicinity of the NTPC Korba power station. Built over an area of 10 acres at Chorbhati village near Korba, the company took up the project as part of Community Development initiatives.

Today, National Thermal Power Corporation agreed to pay villagers, who have been farming illegally on government land and have been classified as "encroachers" by the district administration, to ensure that work could begin at the three coal blocks of Pankri Barwadih, Chatti Bariatu and Keredari.

The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.

The power major is one of the country's largest consumers of coal.

“Larsen & Toubro (L&T) has secured a turnkey order from NTPC for setting up a 2x660 MW greenfield thermal power plant in Khargone district of Madhya Pradesh on EPC (engineering, procurement and construction) basis, ” the company said in a statement.

"We have been powering India's drive to growth and are now working to help drive Asia's growth. We intend to complete the Bagerhat plant by 2018 and will step up work on the Sampur coal project (Sri Lanka)," NTPC chairman Arup Roy Choudhury said in an interaction with The Telegraph.