The Board of Directors of NHPC Limited in its meeting held today i.e. Tuesday, September 17, 2019 (commenced at 11.00 A.M and concluded at 01:50 P.M.) has approved the proposal for raising of Debt up to Rs 2500 crore during financial year 2019-20 through secured, redeemable, taxable, non-cumulative nonconvertible taxable Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans / Inter-corporate loans / External Commercial Borrowings (ECB).
The Board also decided that out of Rs. 2500 crore, debt upto Rs. 2000 crore be raised in first tranche and balance debt of Rs. 500 crore be raised after the completion of exercise for recovery of dues from beneficiaries and monetization of under-utilised fixed assets.
Shares of NHPC LTD. was last trading in BSE at Rs.24.1 as compared to the previous close of Rs. 24.15. The total number of shares traded during the day was 47082 in over 188 trades.
The stock hit an intraday high of Rs. 24.15 and intraday low of 23.8. The net turnover during the day was Rs. 1132846.