NHPC to raise debt of upto Rs. 6100 crore in FY 2024-25

The Board of Directors of NHPC Limited in its meeting held on Wednesday, 27th March, 2024 (meeting commenced at 06:00 P.M. and concluded at 09.00 P.M.) had considered and approved the proposal for raising of Debt upto Rs.6,100 crore during financial year 2024-25 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.

Further, the Board of Directors in the said meeting has also given its in-principle approval for closure of Loktak Downstream Hydroelectric Corporation Limited (a Subsidiary Company of NHPC Limited and Joint Venture with Govt. of Manipur), subject to the approval of DIPAM, Ministry of Power and Govt. of Manipur.

Shares of NHPC Limited was last trading in BSE at Rs. 88.56 as compared to the previous close of Rs. 85.70. The total number of shares traded during the day was 12476662 in over 39186 trades.

The stock hit an intraday high of Rs. 90.50 and intraday low of 86.20. The net turnover during the day was Rs. 1096586208.00.

Source : Equity Bulls

Keywords

NHPC INE848E01016 FundRaising Debt FY2025