NHPC plans to raise up to Rs 3,975 cr from domestic market

State-owned NHPC is planning to raise up to Rs 3,975 crore from the domestic market through loans and tax-free bonds.

New Delhi: State-owned NHPC is planning to raise up to Rs 3,975 crore from the domestic market through loans and tax-free bonds.

In a BSE filing, NHPC said: "The Board may consider an agenda item to raise the debt up to Rs 3,975 crore for the year 2015-16 and 2016-17 up to AGM through term loans/ corporate bonds/tax free bond on secured/unsecured basis from domestic market in suitable tranches."

NHPC's Board meeting is scheduled for May 29, 2015.

Last week, NHPC said it received environmental clearance for its Dibang multipurpose hydropower-cum-flood moderation project, worth over Rs 25,000 crore, in Arunachal Pradesh.

Dibang Multipurpose Project is a hydropower-cum-flood moderation scheme proposed on Dibang River in Lower Dibang Valley District of Arunachal Pradesh.

All North Eastern and Eastern states would be beneficiaries of this project. It is expected to generate 11,330 (million units) MUs (in a 90 percent dependable year).

Shares of NHPC on Tuesday closed flat at Rs 19.20 apiece on the BSE.

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