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NHPC planning to raise Rs 2000 crore on private placement basis

16 Jan 2019 Evaluate

NHPC is planning to raise Rs 2000 crore through issuance of debentures/bonds in one or more series/tranches on private placement basis from domestic market and/or to raise term loans from domestic financial institutions/Banks/Inter Corporate Loans in suitable tranches. The proposed issue is out of Rs 3300 crore already approved by the shareholders. The board of directors at their meeting on January 21, 2019 will consider the same.

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.

Peers
Company Name CMP
NTPC 310.95
Tata Power 335.50
Adani Power 188.35
Power Grid Corpn. 247.50
Adani Energy Solut. 1252.00
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