FilingReader Intelligence

NHPC board approves bond issue, solar park development

April 23, 2025 at 07:03 PM UTCBy FilingReader AI

The Board of Directors of NHPC Limited (BSE: NHPC) has approved the perusal of Key Information Document (KID) for raising funds through Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AF-Series Bonds up to INR2,000 Crore via private placement, as part of its FY 2025-26 borrowing plan. Additionally, the board approved the recommendation to appoint M/s Akhil Rohatgi & Co. as Secretarial Auditor for five financial years (FY 2025-26 to FY 2029-30), pending shareholder approval. The company also approved the development of a 1200 MW Solar Park in Jalaun district, Uttar Pradesh by Bundelkhand Saur Urja Limited (BSUL), a subsidiary of NHPC, with an estimated cost of INR796.96 Crore, including an equity investment of INR239.09 Crore by NHPC in BSUL.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:NHPCBombay Stock Exchange

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