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NHPC gets approval for raising Rs 2000 crore

21 Jan 2019 Evaluate

NHPC has received an approval for raising Rs 2000 crore through issuance of secured, redeemable, taxable, non-cumulative non-convertible taxable 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 Board of Directors of the company at their meeting held on January 21, 2019, approved 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 312.15
Tata Power 335.55
Adani Power 187.85
Power Grid Corpn. 246.25
Adani Energy Solut. 1252.90
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