NHPC board approves revised borrowing plan of Rs 6,900 crore for FY25
These unsecured, redeemable, taxable, and non-convertible bonds will have a value of up to Rs 2,600 crore and will be issued in one or more tranches through private placement.
NHPC board approves revised borrowing plan of Rs 6,900 crore for FY25
State-owned hydroelectric power producer NHPC Ltd said its board of directors has approved a revised borrowing plan to raise to Rs 6,900 crore during the financial year 2024-25. The decision was taken at a board meeting held on December 12, 2024.
The borrowing plan includes raising funds through secured or unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds in one or more series or tranches via private placement. Additionally, the plan accommodates the option to raise term loans or external commercial borrowings (ECBs) in suitable tranches.
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As part of this strategy, the board also reviewed the General Information Document (GID) and Key Information Document (KID) for issuing AE-Series Bonds.
These unsecured, redeemable, taxable, and non-convertible bonds will have a value of up to Rs 2,600 crore and will be issued in one or more tranches through private placement.
Shares of NHPC Ltd ended at Rs 85.07, down by Rs 1.01, or 1.17% on the BSE.
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