NHPC Limited has informed the Exchange regarding Board meeting held on April 23, 2025 has considered and approved the perusal of Key Information Document (KID) for raising of funds through issue of Unsecured, Redeemable, Taxable, Non Convertible, Non-Cumulative AF-Series Bonds up to Rs.2,000 Crore in one or more tranche through private placement, as part of the borrowing plan for FY 2025-26.
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NHPC Limited's board, at its meeting on April 23, 2025, approved the Key Information Document (KID) for issuing Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AF-Series Bonds worth up to Rs. 2,000 Crore. The bonds will be raised through private placement in one or more tranches. This fundraising is part of the company's borrowing plan for FY 2025-26. NHPC is a large hydropower PSU, and bond issuances like this are part of its regular capital raising for project funding and refinancing needs.
This is a routine debt-raising move, not equity dilution, so existing shareholders are not affected in terms of ownership. It may modestly increase the company's debt servicing obligations but supports funding for ongoing and new hydropower projects.