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NHPC gets nod to raise Rs 4300 crore in FY22

11 Jun 2021 Evaluate

NHPC’s Board has approved the proposal for raising of Debt up to Rs 4300 crore during financial year 2021-22 through issuance of secured, redeemable, taxable, non-cumulative, non-convertible taxable Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans / External Commercial Borrowings (ECB) in suitable tranches. The Board of Directors of the company in its meeting held on June 10, 2021 has 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 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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