NHPC to raise up to Rs 20 billion for its capacity expansion

NHPC Limited is planning to raise up to Rs 20 billion through the issue of 15-year bonds..

The bonds are likely to be priced in the range of 6.7-7.10 per cent. NHPC is planning to deploy the funds raised for new or ongoing projects across India. Its capex plan is estimated at about Rs 80 billion in 2021-22, around 50 per cent higher than in 2020-21. Earlier in April 2020, NHPC has raised Rs 7.50 billion on 10-year tenor and offering price of 6.8 per cent.