NHPC gets shareholders nod to hike borrowing limit to Rs 50,000 crore

New Delhi: State-owned NHPC Limited has received shareholders nod to raise its borrowing limit to Rs 50,000 crore in its annual general meeting held on Wednesday.

"All resolutions set out in the notice of 48th AGM were duly approved by shareholders with requisite majority," the company said in a regulatory filing.

PSU Watch is now on Whatsapp Channels. Click here to join

The proposal to increase the borrowing limit from Rs 40,000 crore to Rs 50,000 crore got the 99.99 percent votes, the filing said.

The tentative debt requirement for both ongoing projects and new projects up to FY 2032-33 as per CAPEX requirements will be approx Rs 80,000 crore, which will exceed paid-up share capital, free reserves and securities premium of the company, it said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)