Bond issue: THDC’s upcoming projects will improve its rating, CMD tells investors

New Delhi: In a bid to woo investors ahead of a bond issuance, THDC India Limited organised a meeting on September 4 to apprise them of the PSU’s financial position, expansion plans and future growth strategy. “The imminent commissioning of our upcoming projects are expected to result in a substantial enhancement of the company’s credit rating,” THDC Director (Finance) J Behera told investors and arrangers at the meeting. Ratings agency ICRA rated THDC as AA (stable) in January this year. The highest credit quality is denoted by ratings agency through a ‘AAA’ rating.

“The gathering served as an essential platform for engaging in meaningful dialogue with our valued arrangers and investors, fostering a deeper understanding of our strategic direction. Such interactive exchange exemplifies our dedication to keep our stakeholders well-informed and inspire confidence in our financial strategies,” said THDC in a statement.

THDC to foray into RE, thermal power, coal mining

While stressing on THDC’s state-of-the-art expertise in the hydro sector where the company is executing mega hydropower projects, Chairman and Managing Director (CMD) RK Vishnoi told investors that THDC is poised for expansion and diversification in other areas. He said that THDC is looking to foray into Renewable Energy (RE), such as wind, solar, and also thermal energy and the development of coal mines. In addition to these discussions, the meeting also focussed on identifying an optimal date for the forthcoming bond issuance process.

THDC is a subsidiary of Maharatna PSU NTPC Limited. It raised Rs 600 crore through the issue of unsecured bonds in December 2022.

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