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18-Mar2019

NHPC raises on getting approval to raise $100 million via ECB

NHPC is currently trading at Rs. 25.30, up by 0.15 points or 0.60% from its previous closing of Rs. 25.15 on the BSE.

The scrip opened at Rs. 25.15 and has touched a high and low of Rs. 25.40 and Rs. 25.15 respectively. So far 133981 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.10 on 04-Apr-2018 and a 52 week low of Rs. 22.20 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 25.65 and Rs. 24.50 respectively. The current market cap of the company is Rs. 25413.94 crore.

The promoters holding in the company stood at 73.67%, while Institutions and Non-Institutions held 15.87% and 10.46% respectively.

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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