NHPC has raised Rs 1,500 crore through issuance of secured, redeemable, non-cumulative, non-convertible, taxable X Series bonds on private placement basis. The tenure of the instruments is 10 years and coupon rate is 8.65% p.a.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.