State-owned power giant, NTPC, is seeking shareholder’s approval to raise up to Rs 18,000 crore through the private placement of bonds or non-convertible debentures (NCDs) in the domestic market.In a regulatory filing on Monday, the company said it has issued a postal ballot notice to seek shareholders’ nod via special resolution, using remote e-voting. The proposed fundraising would involve the issuance of secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative NCDs, in one or more tranches.In a regulatory filing on Monday, the company said it had issued a postal ballot notice to its members for approving the proposed fundraising by way of a special resolution through remote e-voting. The funds will be raised in one or more tranches, up to a maximum of 12, within a year from the date the resolution is passed, PTI reported.The draft of the postal ballot notice was approved by NTPC’s board of directors on 21 June. The company had set 20 June, 2025 as the cut-off date to determine eligible for voting, while the e-voting window will remain open from 24 June to 23 July.The company said the proposed borrowing comes at a time when it is aggressively expanding its generation capacity.A major portion of its capital expenditure requirements has to be funded by debt, as the company is under capacity expansion mode, NTPC said in the notice.Apart from capital expenditure, the company also needs to secure funds to support its working capital and other general corporate needs, part of which will be met through the proposed issuance of NCDs.NTPC raises funds via NCDs through public issues or private placements, in addition to rupee term loans from domestic lenders, foreign currency borrowings and foreign currency bonds.