NHPC shares surge amid board approves borrowing plan through NCDs
NHPC shares rise 1.87% to Rs 81.69 after Board approves borrowing plan for Rs 6,300 crore through bonds, loans, or ECB in tranches.
Early trade on Thursday, March 20, 2025, the shares of state-owned NHPC Ltd climbed up to 1.87% to reach an intraday high of Rs 81.69 per share.
Following the approval of the borrowing plan for debt up to Rs 6,300 crore by the Board of Directors, the NHPC share price rose.
The exchange filing states that the Board of Directors in their meeting held on Wednesday, March 19, 2025 had inter-alia considered and approved borrowing plan for raising of debt up to Rs.6,300 crore using 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 Tranche.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
At Rs 80.88 per, NHPC shares were trading 0.86% higher. The market capitalisation stood at Rs 81,183.97 crore. The company belongs to the BSE 200 classification. NHPC's 52-week high is Rs 118.45 a share; its 52-week low is Rs 71.01 apiece.
Read Also : PESB gives two names for Director Technical of CMPDI