New Delhi: State-run hydro power giant will seek its shareholders’ approval to raise borrowing limit by Rs 10,000 crore to Rs 40,000 crore in the annual general meeting on September 29, 2021. The proposal to increase borrowing limit of the company from Rs 30,000 crore to Rs 40,000 crore is listed on the agenda of the AGM, stated the notice for the AGM.
The company explained that keeping in view of fund requirements of the company due to rapid capacity addition programme, the limit of Rs 30,000 crore is required to be increased.