NLC India has decided to raise Rs 525 crore through private placement of Secured, Non-Cumulative, Non-Convertible, Redeemable, Taxable Bonds (Series I of 2020) in the nature of Debentures at a coupon of 7.36% p.a. with a door to door maturity of 10 years, as per the bidding process held on January 23, 2020. The proceeds of the proposed issue will be utilized to replace the equity deployed in the projects and operation over the normative level by the debt, and for the purpose of corporate requirements of regular business activities. The bonds are proposed to be listed on both NSE & BSE.
NLC India is engaged in the business of lignite mining and power generation.
