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NHPC to Raise ₹2,600 Crore Through Bond Issue

Updated on: Dec 10, 2024, 4:44 PM IST
NHPC plans to raise ₹2,600 crore through non-cumulative bonds. The stock is trading at ₹86.20, up 36.50% YoY, despite a 41.19% drop in Q2 FY25 net profit.
NHPC to Raise ₹2,600 Crore Through Bond Issue
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NHPC has announced that its board will meet on Thursday, December 12, 2024, to discuss the proposal of raising funds through the issue of non-cumulative bonds. The company plans to issue bonds worth up to ₹2,600 crore in one or more tranches via private placement.

Details of the Fundraising

The proposed bonds will be unsecured, redeemable, taxable, non-convertible, and non-cumulative. This issue is part of NHPC’s borrowing plan for FY 2024-25. Additionally, the board will review and approve a revised borrowing plan for raising debt during the current financial year.

NHPC’s Diversification and Government Stake

NHPC is India’s largest organisation focused on hydropower development. The company has also expanded into solar and wind power. As of 30th September 2024, the Government of India holds a 67.40% stake in NHPC.

Financial Performance in Q2 FY25

NHPC reported a 41.19% drop in its consolidated net profit for Q2 FY25, which stood at ₹908.97 crore, compared to ₹1,545.85 crore in the same quarter last year. However, the company’s revenue from operations increased by 4.11% year-on-year (YoY), reaching ₹3,051.93 crore in the quarter ending 30th September 2024.

Share Price Performance 

NHPC share price is currently trading at ₹86.20, down by ₹0.57 or 0.66% as of 11:44 AM on December 10, 2024. The stock opened at ₹87.29, reached a high of ₹87.29, and a low of ₹85.55. NHPC’s market capitalisation stands at ₹86.59 thousand crore, with a P/E ratio of 29.14 and a dividend yield of 2.20%. The 52-week high for the stock is ₹118.40, while the 52-week low is ₹58.00.

Over the past 5 days, NHPC’s stock has increased by ₹3.28, or 3.96%. In the past month, it has gained ₹5.12, reflecting a 6.31% rise. Year-to-date, the stock has advanced by ₹20.05, or 30.31%, and has gained ₹23.05, or 36.50%, over the past year.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 10, 2024, 12:08 PM IST

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