NHPC Board Approves Rs 6,300-Crore Borrowing Plan For FY26

NHPC Ltd.'s board of directors approved on Wednesday a borrowing plan to raise up to Rs 6,300 crore in debt for financial year 2025–26.

The funds will be raised through secured/unsecured cooperate bonds redeemable, non-convertible in one or more tranches on a private placement basis, and/or raising of term loans/external commercial borrowings in tranches, according to an exchange filing.

Earlier in January, the state-owned firm has partnered with Andhra Pradesh Power Generation Corp. to establish a joint venture for developing renewable energy projects.

NHPC, reported a 47% drop in consolidated net profit to Rs 330.1 crore in the December quarter of the current financial year from Rs 623.3 crore during the same period last year.

Shares of NHPC closed 1.35% higher at Rs 80.20 apiece on the National Stock Exchange before the announcement, compared to a 0.32% rise in the benchmark Nifty. The stock has fallen 2.73% in the last 12 months.

Out of the 10 analysts tracking the company, five have a 'buy' rating on the stock, two recommend 'hold' and three suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 13.3%.