MoneyWorks4Me

NHPC raises funds on private placement basis

25 Mar 2019 Evaluate

NHPC has issued unsecured, redeemable, non-cumulative, non-convertible, taxable GOI Fully Serviced Bonds (Series-I) on private placement basis. The size of issue is Rs 2017.20 crore and the date of allotment is March 22, 2019 (Deemed Date). The coupon rate is 8 12% p.a. (payable semiannual). The Bonds are proposed to be listed on Wholesale Debt Market (WDM) Segment of National Stock Exchange (NSE).

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 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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