NHPC board clears Rs 2,000 crore bond issue for FY 2025-26

NHPC Limited has approved a proposal to raise funds through bond issuance as part of its borrowing plan for the financial year 2025-26. The decision was taken at the meeting of the Board of Directors held on January 8, 2026, and was disclosed through a regulatory filing to the stock exchanges.

The Board approved the issuance of Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AH Series Bonds with an aggregate value of up to Rs 2,000 crore. The bonds will be issued in one or more tranches through the private placement route. As part of the approval, the Board also cleared the General Information Document and the Key Information Document for the proposed issue.

The company noted that the bond issuance forms part of its broader financing strategy for the current fiscal year. In August 2025, the Board had approved a revised overall borrowing plan of up to Rs 10,000 crore for FY 2025-26. This plan covered multiple debt instruments and included the monetisation of future cash flows from select power stations.

Earlier, 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 allowed the bonds to be issued in one or more tranches under a similar structure.