NHPC approves ₹8,000 crore borrowing plan for FY27

State-run NHPC Ltd on Wednesday, March 25, said it has approved a borrowing plan of up to ₹8,000 crore for FY27.

The company’s board, in a meeting held on March 25, cleared a proposal to raise debt through a mix of secured or unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds in one or more tranches via private placement, stated the exchange filing.

NHPC may also raise funds through term loans or external commercial borrowings (ECBs), depending on market conditions.

NHPC Q3 results

On the financial front, NHPC posted a 5.2% year-on-year decline in net profit at ₹219 crore for Q3, compared with ₹231 crore in the year-ago period. Revenue slipped 2.9% to ₹2,220 crore from ₹2,286 crore.

Operational performance was significantly weaker, with EBITDA plunging 79.2% to ₹210 crore from ₹1,014 crore a year earlier. Consequently, EBITDA margin contracted sharply to 9.5% from 44.4% in the corresponding quarter last year.

The company also announced an interim dividend of 14%, or ₹1.40 per equity share of face value ₹10, for the financial year 2025–26.

Shares of NHPC Ltd ended marginally higher on Wednesday, March 25, by 0.86% at ₹77.20 on the NSE.

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