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NHPC gets nod to raise up to Rs 5,600 during FY24

29 Mar 2023 Evaluate

NHPC has received an approval for raising of Debt upto Rs 5,600 crore during financial year 2023-24 through issuance of secured/ unsecured, redeemable, taxable, non-cumulative non-convertible 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 March 28, 2023 has considered and 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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