Left Menu
Development News Edition

NHPC board to consider proposal to raise Rs 3.8K cr on July 30

The proposed issue of Rs 500 crore is part of Rs 2,000 crore raise already approved by the shareholders at the 41st Annual General Meeting of company held on September 27, 2017.

PTI | Updated: 20-07-2018 20:08 IST | Created: 20-07-2018 20:05 IST

State-owned hydro power giant NHPC said today that its board will consider two proposals to raise Rs 3,800 crore via bonds on private placement basis at its meeting on July 30.

"The Board of Directors of NHPC Ltd in its meeting 30th July, 2018 will consider a proposal for raising of corporate debentures/bonds aggregating to Rs 3,300 crore on Private Placement Basis subject to Shareholders' Approval through special resolution in the ensuing Annual General Meeting of the Company," it said in a BSE filing.

In another filing, NHPC said the board will also consider the proposal for "raising of Rs 500 crore through issuance of debentures/bonds in one or more series/ tranches on private placement basis from domestic market and/or to raise term loans from domestic financial institutions/Banks in suitable tranches".

The proposed issue of Rs 500 crore is part of Rs 2,000 crore raise already approved by the shareholders at the 41st Annual General Meeting of company held on September 27, 2017.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...


Latest News

If world handles climate like COVID-19, U.N. chief says: 'I fear the worst'

The United States, China and Russia fought on Thursday during a United Nations Security Council meeting on the coronavirus pandemic after U.N. chief Antonio Guterres had warned the body that if the climate crisis was approached with the sam...

KXIP vs RCB Board

Royal Challengers Bangalore Innings Devdutt Padikkal c Ravi Bishnoi b Cottrell 1 Aaron Finch b Ravi Bishnoi 20 Josh Philippe lbw b Shami 0 ...

Nawaz Sharif bans PML-N members from holding meetings with military leadership

Pakistans former prime minister and PML-N supremo Nawaz Sharif on Thursday banned his party members from holding any private meetings with the countrys military leadership. The move came a day after the Pakistans main opposition party fou...

IPL 13: KL Rahul's century, bowlers help KXIP vanquish RCB by 97 runs

KL Rahuls century before the bowlers stunning performance against Royals Challengers Bangalore RCB cruised Kings XI Punjab KXIP to a sumptuous 97-run win in the Indian Premier League IPL match here on Thursday. Rahul played an unbeaten knoc...

Give Feedback