He further said the company has already deployed Rs 4,000 crore for various projects in the last two months. The company has earmarked a capital expenditure of up to Rs 1 lakh crore for five years, ending 2016-17.
    
"Out of the capex for FY16, we have already spent Rs 4,000 crore in the last two months for undertaking various projects. We plan to maintain 70:30 debt equity ratio," Nayak said.
    
The company has also planned to raise up to Rs 12,000 crore through domestic bonds during the year.
    
"This is a regular phenomenon. We keep raising funds as and when we require for two-three months. We have already raised Rs 3,000 crore. We will raise the remaining in tranches as and when the markets and rates of interest are favourable," company's Director (Finance) R T Agarwal said.
    
He said the company has completely utilised the Rs 5,300-crore fund which it raised last year through follow-on public offer (FPO).
     
The Navratna company has reported a 20 per cent rise in its standalone net profit at Rs 1,412.48 crore for the quarter ended March 31 against Rs 1175.84 crore last fiscal.
    
Its total income for the quarter increased to Rs 4,703.22 crore from Rs 3,986.28 crore in the corresponding period of previous year.

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