NHPC Secures $50,000 Crore Borrowing Limit Approval

State-owned NHPC has received shareholder approval to increase its borrowing limit to Rs 50,000 crore during its annual general meeting. The decision was passed with a 99.99% majority. The company forecasts a tentative debt requirement of Rs 80,000 crore for ongoing and new projects up to FY 2032-33.

State-owned NHPC has successfully obtained shareholder approval to raise its borrowing limit to Rs 50,000 crore during its annual general meeting held on Wednesday.

According to a regulatory filing, all resolutions from the 48th AGM notice were approved by shareholders with the required majority, including the key proposal to increase the borrowing limit from Rs 40,000 crore to Rs 50,000 crore, which received a 99.99% vote.

NHPC projects a tentative debt requirement of approximately Rs 80,000 crore for both ongoing and new projects up to the fiscal year 2032-33, surpassing the company's paid-up share capital, free reserves, and securities premium.

(With inputs from agencies.)