NHPC Board Approves Revised Borrowing Plan Of ₹6,900 Crore For FY 2024-25

The Board of Directors of NHPC Limited held a meeting on Thursday, December 12, 2024, from 6:00 PM to 9:00 PM. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board reviewed and approved key financial proposals for the company’s funding plans for the fiscal year 2024-25.

Firstly, the Board approved a revised borrowing plan, which includes raising up to ₹6,900 crore through secured or unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds. This will be done in one or more series/tranches via private placement. Additionally, the company plans to raise funds through term loans and external commercial borrowings (ECB) in suitable tranches.

Secondly, the Board reviewed the General Information Document (GID) and Key Information Document (KID) for issuing unsecured, redeemable, taxable, non-convertible, non-cumulative AE-Series bonds. The total issue size of these bonds will be up to ₹2,600 crore, also through private placement as part of the overall borrowing strategy for FY 2024-25.

These decisions are aimed at strengthening NHPC’s financial position and supporting its ongoing projects and expansion plans.