NHPC Limited's Board of Directors approved the proposal for issuance of Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AH-Series Bonds worth up to ₹2,000 crore during a meeting held on Thursday, January 8, 2026. The board meeting, which commenced at 5:50 PM and concluded at 7:30 PM, considered and approved the perusal of the General Information Document (GID) and Key Information Document (KID) for the bond issuance. The bonds will be issued through private placement in one or more tranches as part of the company's borrowing plan for FY 2025-26. This decision has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the company's official communication signed by Company Secretary Rupa Deb from the registered office in Faridabad, Haryana, the approval of these mandatory regulatory documents represents a key step before moving forward with the issuance.
The bond issuance forms part of NHPC's ongoing strategy to strengthen its financial resources and support future growth in hydropower and renewable energy projects. As India's largest hydropower development company operating under the Ministry of Power, NHPC continues to expand its presence in solar and wind energy development. The Faridabad-based company is listed on both BSE (Scrip Code: 533098) and NSE (Scrip Code: NHPC, ISIN: INE848E01016), providing investors with multiple avenues for participation in the country's renewable energy growth story. This proactive approach to structured debt instruments reflects the company's focus on maintaining a strong financial framework while pursuing its strategic objectives in the energy sector.
NHPC reported robust second quarter results with consolidated net profit rising 13.4% year-on-year 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. The company's operational efficiency was reflected in its strong margin performance during the quarter, providing a solid foundation for the current bond issuance plan.
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. This improvement reflects disciplined cost management and efficient operations at the Faridabad-based company. The strong operational performance demonstrates NHPC's ability to generate consistent cash flows, supporting its capacity to service the proposed bond obligations while maintaining growth investments in the renewable energy sector.
Shares of NHPC Limited ended the trading session at ₹83.70, registering a gain of ₹5.20 or 4.14% on the BSE. The positive market response reflects investor confidence in the company's fundraising plans and strong quarterly performance. The stock's upward movement demonstrates market approval of NHPC's strategic financial planning and robust operational metrics, positioning the company favorably for its upcoming bond issuance through private placement. Market participants and stakeholders are closely monitoring this development as details of the bond tranches, interest rates, and other financial terms are expected to provide further clarity on the company's capital structure strategy.
