NHPC Limited — Important, 23-04-2025: Updates

The Board of Directors of NHPC Limited has convened and approved a plan to raise funds amounting to ₹2,000 Crore through the issuance of Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AF-Series Bonds as part of the borrowing strategy for FY 2025-26. Additionally, they have put forth the appointment of M/s Akhil Rohatgi & Co., Company Secretaries, for a five-year term as Secretarial Auditor, subject to shareholder approval. A significant move includes the development of a 1200 MW Solar Park in Jalaun, Uttar Pradesh, through Bundelkhand Saur Urja Limited, with an estimated investment of ₹796.96 Crore, which will involve a capital infusion of ₹239.09 Crore from NHPC. This initiative aims to bolster NHPC’s commitment to renewable energy, presenting a positive growth opportunity in the green energy sector. Shareholders should monitor these developments closely as they could have meaningful implications for future performance and strategic positioning.