NHPC board approves plan to issue up to ₹2,000 crore unsecured bonds via private placement

State-owned hydro power giant NHPC Ltd on Thursday (January 8, 2026) said its board of directors has approved the proposal for issuance of unsecured bonds of up to ₹2,000 crore as part of its borrowing plan for FY 2025-26.

In a regulatory filing, the company said the board, at its meeting held on January 8, considered and approved the proposal for perusal of the General Information Document (GID) and Key Information Document (KID) for the issue of Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AH-Series Bonds.

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The bonds will be issued through private placement in one or more tranches, the company said. NHPC said the proposed bond issuance forms part of its borrowing plan for the current financial year.

Second Quarter Results

NHPC reported a 13.4% year-on-year (YoY) rise in consolidated net profit to ₹1,021 crore for the July–September quarter of FY26, compared with ₹900 crore in the same period last year. Revenue from operations grew 10.3% YoY to ₹3,365 crore, up from ₹3,051 crore in the year-ago quarter.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 12.4% YoY to ₹2,027 crore, while margins improved to 60.2% from 59.1% a year earlier, reflecting disciplined cost management and efficient operations.

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Faridabad-based NHPC, under the Ministry of Power, is the largest hydropower development company in India, with a presence in solar and wind energy development.

Shares of NHPC Ltd ended at ₹82.00, down by ₹1.66, or 1.98%, on the BSE.