NHPC is seeking its shareholders' approval to raise borrowing limit by Rs 10,000 crore to Rs 40,000 crore in the annual general meeting on September 29, 2021. Keeping in view of fund requirements of the company due to rapid capacity addition programme, the limit of Rs 30,000 crore is required to be increased. The tentative debt requirement for both ongoing projects and new projects up to 2031 as per CAPEX requirements will be approximately Rs 50,000 crore, which will exceed paid up share capital, free reserves and securities premium of the company.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
