NHPC Secures Approval for Bond Issuance Up to ₹20 Billion, Plans Additional ₹200 Billion Raise
NHPC Limited has received approval to issue bonds worth up to ₹200 billion through private placements. The company's Board of Directors approved a Key Information Document for raising funds through unsecured, redeemable, taxable, non-convertible, non-cumulative AG-Series Bonds. This issuance will be structured in one or more tranches. Additionally, NHPC has obtained approval for issuing bonds worth up to ₹20 billion through private placements. These financial moves are part of NHPC's borrowing plan and are expected to support ongoing projects and operational needs.

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NHPC Limited , India's premier hydropower company, has received a significant financial boost as it secures approval for substantial bond issuances. The company has obtained the green light to issue bonds worth up to ₹20.00 billion through one or more private placements, enhancing its fundraising capabilities.
Bond Issuance Details
The approval allows NHPC to raise funds through private bond offerings, providing the company with increased financial flexibility. This move is expected to support NHPC's ongoing projects and operational needs.
Additional Fundraising Plans
In a recent development, NHPC's Board of Directors has approved an even more ambitious fundraising initiative. The Board gave its nod to a Key Information Document (KID) for raising funds through the issuance of bonds up to ₹200.00 billion (₹20,000 crore).
Specifics of the New Bond Series
The newly approved bonds have the following characteristics:
- Type: Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative
- Series: AG-Series Bonds
- Amount: Up to ₹200.00 billion (₹20,000 crore)
- Issuance Method: Private placement
- Structure: To be issued in one or more tranches
Strategic Financial Move
This substantial fundraising effort is part of NHPC's borrowing plan. The decision to raise such a significant amount through bonds indicates the company's robust financial planning and its preparedness for future projects and expansions.
Board Meeting Details
The crucial decision was made during a Board meeting that commenced at 5:30 PM and concluded at 6:20 PM. This swift decision-making process underscores the company's agility in responding to financial opportunities and market conditions.
NHPC's move to secure these substantial fundraising approvals signals its strong financial position and ambitious growth plans. As India's leading hydropower generator, these financial maneuvers are likely to bolster its capacity to undertake new projects and strengthen its market position in the renewable energy sector.
Historical Stock Returns for NHPC
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.43% | -3.02% | -2.98% | +3.35% | -20.74% | +310.10% |