Hydro-power major NHPC has received an approval for the proposal for raising Rs 494 crore through issuance of ‘W’ series corporate bonds on private placement basis. The proposed issue is out of Rs 4500 crore already approved by the shareholders in their 40th Annual General Meeting held on September 22, 2016. The board of directors at their meeting held on August 9, 2017 has approved for the same.
NHPC is engaged in electricity generation. The company is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
