NHPC Board Approves Rs 6,300-Crore Borrowing Plan For FY26
The share price of NHPC closed 1.35% higher at Rs 80.20 apiece on the NSE before the announcement.
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.
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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%.
