NHPC Ltd. to raise funds through issuance of Bonds worth Rs 6100 cr
State-owned PSU is engaged in the sector of Hydroelectric Power generation in the country. The shares of the company are profitable, floating in the green zone, up by 4.38% at Rs 89.45.
According to the exchange filing made by the company, it is to inform that the Board of Directors of NHPC Limited in its meeting held on Wednesday, 27th March 2024 had formally considered and approved the proposal for raising Debt to Rs.6,100 crore during financial year 2024-25 through issuance of secured/ unsecured, redeemable, taxable, non-cumulative non-convertible Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans/External Commercial Borrowings (ECB) in suitable tranches.
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Further, the Board of Directors in the said meeting has also given its in-principle approval for the closure of the Loktak Downstream Hydroelectric Corporation Limited (a Subsidiary Company of NHPC Limited and Joint Venture with Govt. of Manipur), subject to the approval of DIPAM, Ministry of Power and Govt. of Manipur.
State-owned PSU is engaged in the sector of Hydroelectric Power generation in the country. The shares of the company are profitable, floating in the green zone, up by 4.38% at Rs 89.45.
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