State-run hydropower company NHPC Limited on Thursday (April 17) said it will consider raising up to ₹2,000 crore through a private placement of bonds, with the board set to meet on April 23, 2025.
In a stock exchange filing, NHPC said the board will take up the approval of the key information document (KID) related to the proposed issue of unsecured, redeemable, taxable, non-convertible, non-cumulative bonds. The funds are to be raised in one or more tranches during the financial year 2025-26.
“…it is to inform that a meeting of board of directors of the company is scheduled to be held on Wednesday, 23rd April, 2025 to inter-alia consider and approve the proposal for approval of Key Information Document (KID) for raising of funds through issue of Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative Bonds up to₹2,000 crore in one or more tranche through private placement, as part of the borrowing plan for FY 2025-26,” NHPC said in a regulatory filing.
Also Read: NHPC commissions part of 300 MW Rajasthan solar project
NHPC reported a 52.5% year-on-year (YoY) decline in net profit at ₹231 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, NHPC posted a net profit of ₹486.7 crore.
The company’s revenue from operations increased 11.3% to ₹2,286.8 crore against ₹2,055.5 crore last year. At the operating level, EBITDA jumped 35.8% to ₹1,021.5 crore in the third quarter of this fiscal over ₹752.1 crore YoY.
EBITDA margin stood at 44.7% in the reporting quarter compared to 36.6% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
Also Read: NHPC Bull Vs Bear: Is the PSU stock headed to ₹170 or ₹74?
Shares of NHPC Ltd ended at ₹84.98, down by ₹0.33, or 0.39%, on the BSE.
(Edited by : Shoma Bhattacharjee)
First Published: Apr 17, 2025 5:26 PM IST
