NHPC board approves raising Rs 4,500 cr via corporate bonds

State-owned NHPC today said that its board has approved raising up to Rs 4,500 crore through issue of corporate bonds on private placement basis.
The board of directors of the company at its meeting held on July 22, 2016 "considered and approved raising of corporate bonds up to Rs 4,500 crore till September 2017, on private placement basis", NHPC said in a filing to BSE.
The approval of the board is subject to shareholders' approval through special resolution, the power PSU said.
In 2015-16, NHPC generated 23,404 million units of electricity. It had sales of Rs 7,347 crore with a net profit of Rs 2,440 crore.

It is constructing five projects with total installed capacity of 4290 MW, including 1000 MW.