NHPC gets shareholder nod to raise borrowing limit to Rs 40,000 cr
New Delhi: State-owned hydro power giant NHPC NSE -2.35 % on Thursday said it has got its shareholders’ approval to raise borrowing limit by Rs 10,000 crore to Rs 40,000 crore during the annual general meeting (AGM). “All resolutions set out in the notice of 45th AGM were duly approved by shareholders with requisite majority,” according to a BSE filing.
The proposal to increase the firm’s borrowing limit from Rs 30,000 crore to Rs 40,000 crore was listed on the agenda of the AGM, which was held on Wednesday.
The company had in a notice for AGM said that keeping in view the company’s fund requirements due to the rapid capacity addition programme, the limit of Rs 30,000 crore is required to be increased.
