NHPC soars on planning to raise funds up to Rs 2500 crore during FY20 via bonds

NHPC is currently trading at Rs. 24.40, up by 0.25 points or 1.04% from its previous closing of Rs. 24.15 on the BSE.

The scrip opened at Rs. 23.50 and has touched a high and low of Rs. 24.40 and Rs. 23.50 respectively. So far 49252 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 27.50 on 14-Nov-2018 and a 52 week low of Rs. 20.85 on 02-Aug-2019.

Last one week high and low of the scrip stood at Rs. 24.50 and Rs. 23.35 respectively. The current market cap of the company is Rs. 24308.98 crore.

The promoters holding in the company stood at 73.33%, while Institutions and Non-Institutions held 16.54% and 10.13% respectively.

NHPC is planning to raise debt up to Rs 2500 crore during financial year 2019-20 through issuance of corporate bonds in one or more series/tranches on private placement basis and/or raising of Term Loans/Inter-Corporate Loan/External Commercial Borrowings (ECB) in suitable tranches.

The meeting of the Board of Directors of the company is scheduled on September 17, 2019, to consider the same.

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.

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