NHPC raises borrowing limit to ₹70,000 crore at 50th AGM
- NHPC Limited held its 50th AGM on August 28, 2026, with 248 shareholders participating.
- Borrowing limit increased from ₹60,000 crore to ₹70,000 crore via special resolution.
- Bhupender Gupta appointed as Chairman & Managing Director.
- Dr. Bernadette Lyngdoh appointed as Independent Director.
- Sanjay Kumar Singh re-appointed as Director (Projects).
*this image is generated using AI for illustrative purposes only.
NHPC Limited held its 50th Annual General Meeting on August 28, 2026. The meeting concluded with shareholders approving key board appointments and a significant increase in the company’s borrowing capacity.
The Navratna enterprise transacted both ordinary and special businesses through electronic voting. A total of 248 shareholders participated in the meeting, which was conducted via video conference and other audio-visual means in compliance with SEBI regulations.
Key Resolutions Passed
Shareholders approved several critical resolutions during the session. The most notable special resolution authorized an increase in the company’s borrowing limit from ₹60,000 crore to ₹70,000 crore. This move aims to provide greater financial flexibility for future capital expenditure and project development.
Other special resolutions included:
- Creation of mortgage and/or charge over movable and immovable properties.
- Appointment of Dr. Bernadette Lyngdoh as an Independent Director.
Board Appointments
The AGM also focused on leadership transitions and board composition. Key appointments approved by shareholders include:
| Appointee | Designation | Type of Resolution |
|---|---|---|
| Bhupender Gupta | Chairman & Managing Director | Ordinary |
| Mahesh Kumar Sharma | Director (Finance) | Ordinary |
| Diwakar Nath Misra | Government Nominee Director | Ordinary |
| Paresh Rasiklal Ranpara | Director (Personnel) | Ordinary |
Additionally, Sanjay Kumar Singh was re-appointed as Director (Projects) for the remaining term at the pleasure of the President of India.
Meeting Proceedings
Bhupender Gupta, who chaired the meeting, apprised members of the company’s financial and operational performance for FY26. He highlighted the steps taken to ensure maximum shareholder participation through remote e-voting systems provided by National Securities Depository Limited (NSDL).
The Company Secretary informed attendees that the results of the electronic voting would be declared within two working days. The scrutinizer for the e-voting process was Amit Kaushal of M/s A. Kaushal & Associates.
Members raised questions regarding future plans, capital expenditure, safety measures, and corporate social responsibility activities. Management responded to these queries, and shareholders expressed appreciation for the company’s governance practices.
Historical Stock Returns for NHPC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.26% | -2.00% | -6.15% | -0.68% | -6.29% | +182.34% |
How will the additional ₹10,000 crore borrowing capacity specifically accelerate NHPC's pipeline of renewable energy projects in FY27?
What impact might the appointment of Bhupender Gupta as CMD have on NHPC's strategic shift towards green hydrogen and solar integration?
Could the creation of charges over movable and immovable properties signal upcoming large-scale infrastructure financing or joint ventures?
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