23-04-2025
NHPC board approves Rs 2,000 crore bond issue, greenlights Rs 797 crore solar park in Uttar Pradesh
By Aditya Bhagchandani Published on April 23, 2025, 22:04 IST
NHPC Limited, India's hydropower major, has announced that its Board of Directors has approved raising up to Rs 2,000 crore through the private placement of Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AF-Series Bonds in one or more tranches. The move is part of its borrowing plan for FY26.
In addition, the board has cleared the development of a 1200 MW solar park in Jalaun district, Uttar Pradesh, through its subsidiary Bundelkhand Saur Urja Limited (BSUL), in collaboration with the Uttar Pradesh New & Renewable Energy Development Agency. The estimated project cost is Rs 796.96 crore, including an equity investment of Rs 239.09 crore from NHPC. The project will be executed under MNRE's Mode-8 UMREPP scheme.
The board has also recommended the appointment of M/s Akhil Rohatgi & Co., Company Secretaries, as NHPC's Secretarial Auditor for a period of five financial years (FY26–FY30), subject to shareholder approval.
The board meeting took place on April 23 and concluded by 8:30 PM.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
