NHPC has received an approval for raising of Debt up to Rs 2500 crore during financial year 2019-20 through secured, redeemable, taxable, non-cumulative nonconvertible taxable Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans/ Inter-corporate loans/ External Commercial Borrowings (ECB).
The Board of Directors of the company at its meeting held on September 17, 2019 has approved the same. The Board also decided that out of Rs 2500 crore, debt upto Rs 2000 crore be raised in first tranche and balance debt of Rs 500 crore be raised after the completion of exercise for recovery of dues from beneficiaries and monetization of under-utilised fixed assets.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
