NHPC to raise up to Rs 2,000 cr amid expanding capacity

MUMBAI: National Hydro Power Corporation (NHPC) is raising up to Rs 2,000 crore in a bond sale, as it braces for a large capacity expansion plan amid the government’s thrust on hydroelectric energy.

The bonds will have a 15-year tenor and are likely to be priced in the range of 6.7-7.10%, market sources said. They will likely open for subscription on Wednesday.