NHPC on Thursday, January 8, 2026, announced that its board of directors has approved the issuance of unsecured bonds worth up to Rs 2,000 crore through the private placement route, as part of the company’s FY 2025–26 borrowing plan.
In a regulatory filing, NHPC said the board meeting held on January 8 approved the General Information Document (GID) and Key Information Document (KID) for the proposed bond issue. The bonds will be issued in one or more tranches and structured as Unsecured, Redeemable, Taxable, Non-Convertible, and Non-Cumulative AH-Series Bonds.
Key bond issue details
The proposed bond issue will raise funds of up to Rs 2,000 crore via private placement. The issuance forms part of NHPC’s approved borrowing programme for the current financial year and will be executed in accordance with applicable regulatory requirements.
Q2 FY26 financial performance
NHPC reported a strong financial performance in the July–September quarter (Q2 FY26). Consolidated net profit rose 13.4% year-on-year to Rs 1,021 crore, compared with Rs 900 crore in the corresponding quarter last year.
Revenue from operations increased 10.3% YoY to Rs 3,365 crore from Rs 3,051 crore in Q2 FY25. EBITDA grew 12.4% to Rs 2,027 crore, while the EBITDA margin improved to 60.2%, up from 59.1% in the year-ago period.
Company background and stock performance
Faridabad-based NHPC operates under the Ministry of Power and is India’s largest hydropower development company. In addition to hydropower, the company has expanded into solar and wind energy projects.
Shares of NHPC closed at Rs 82.00 on the BSE, down Rs 1.66 or 1.98% in the session.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.