NHPC is planning to raise Rs 1000 crore through tax free bonds in domestic market. This would be first tax free bond issue by the company. The company is expecting finance ministry’s approval for the same. Recently, the government announced that it is planning to sell 11.36 per cent of its stake, or its 120 crore shares of NHPC through Offer For Sale (OFS) in the domestic market. Government currently holds 86.36 per cent stake in NHPC.
NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.
