NHPC approves Rs 8,000 crore borrowing plan for FY27

The board of NHPC Ltd has approved a plan to raise up to Rs 8,000 crore during the financial year 2026-27 (FY27). The funds will be mobilised through secured or unsecured non-convertible corporate bonds via private placement, along with term loans or external commercial borrowings, according to a regulatory filing.

The decision was taken at the board meeting held on March 25, 2026. The company stated that the proposed borrowing may be executed in one or more series or tranches, depending on funding requirements. 

NHPC indicated that the borrowing plan forms part of its funding strategy for the upcoming financial year. 

Earlier, in January 2026, the company had approved raising funds through bond issuance under its borrowing plan for FY26. At that time, the board cleared the issuance of unsecured, redeemable, taxable, non-convertible, non-cumulative AH Series Bonds with a total value of up to Rs 2,000 crore.

Prior to this, in July 2025, NHPC’s board had approved the issuance of AG Series Bonds of up to Rs 20,000 crore through private placement. That approval also provided for issuance in multiple tranches under a similar structure.