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16-Mar2019

NHPC gets approval to raise $100 million via ECB

NHPC has received approval to raise fund through External Commercial Borrowing (ECB) in Japanese yen (JPY) equivalent to $100 million from MUFG Bank to part finance the capital expenditure on on-going project(s) and /or for other permissible end uses. The Board of Directors of the company at its meeting held on March 15, 2019 has approved the same.

The board has also approved issue 'GOI Fully Serviced Bonds' up to Rs 2017.20 crore through unsecured, redeemable, taxable, non-cumulative, non-convertible, taxable bonds in one or more series\tranches on private placement basis from Domestic Market.

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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