NHPC has received shareholders approval to raise up to Rs 4,500 crore through issuance of bonds on private placement basis in domestic market in the next one year. The bonds can be issued in one or more tranches within a year from the date of passing of the resolution.
A special resolution to raise Rs 4,500 crore through issuance of secured/unsecured, redeemable, non-convertible debentures/bonds aggregating up to Rs 4,500 crore through private placement was passed by the shareholders on September 22, 2016.
NHPC is an Indian Hydro Power Generation company that was incorporated with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects.
