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State-owned NHPC today said that its board has approved raising up to ₹ 4,500 crore through issue of corporate bonds on private placement basis.
The board of directors of the company at its meeting held on July 22, 2016 “considered and approved raising of corporate bonds up to ₹ 4,500 crore till September 2017, on private placement basis”, NHPC said in a filing to BSE.
The approval of the board is subject to shareholders’ approval through special resolution, the power PSU said.
In 2015-16, NHPC generated 23,404 million units of electricity. It had sales of ₹ 7,347 crore with a net profit of ₹ 2,440 crore.
It is constructing five projects with total installed capacity of 4,290 MW, including 1,000 MW.
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