NHPC Board Approves Rs 8,000 Crore Debt Raising Plan for FY 2026-27: A Closer Look

NHPC share price closed at Rs 77.20 on March 25, 2026, 0.86 per cent from the previous close. The stock opened at Rs 76.93, touched a high of Rs 78.25, and a low of Rs 76.71 during the session. The stock has delivered a return of negative 2.97 per cent on a year-to-date basis. The company's market capitalisation stands at Rs 77,548 crore.

Board Approves Rs 8,000 Crore Borrowing Plan
NHPC Limited's Board of Directors, at its meeting held on Wednesday, March 25, 2026, approved a borrowing plan for raising debt of up to Rs 8,000 crore during FY 2026-27. The meeting commenced at 5:15 PM and concluded at 6:45 PM. The funds will be raised through secured or unsecured, redeemable, Taxable, non-cumulative, non-convertible corporate bonds in one or more series or tranches on a private placement basis, and through term loans or external commercial borrowings in suitable tranches. The approval includes multiple financing instruments, providing the company with strategic flexibility for capital mobilisation.

This is a significant step up from last year's borrowing plan. In the current fiscal year, FY 2025-26, the company's initial borrowing approval of Rs 6,300 crore in March 2025 was later revised upward to Rs 10,000 crore in August 2025. The latest approval for FY 2026-27 signals the company's continued focus on expanding its energy portfolio. NHPC has earmarked approximately Rs 15,000 crore for capital expenditure in FY27, primarily for expanding its hydropower and renewable energy capacities, including Solar and wind projects.

This borrowing plan comes at a time when the company is navigating a challenging financial environment. In the third quarter of FY 2025-26, NHPC's net profit fell 5.2 per cent to Rs 219 crore, and revenue declined 2.9 per cent to Rs 2,220 crore. The company's EBITDA margin contracted sharply to 9.5 per cent from 44.4 per cent in the same period last year. Despite these near-term pressures, the board's approval of a higher borrowing limit reflects the company's long-term growth ambitions in India's renewable energy sector.

As of Q3 FY25, NHPC has an installed capacity of 7,233 MW, including hydro and renewables, and operates 28 power stations across 15 states and 2 union territories. It is one of India's largest hydropower producers with 6,971 MW of hydropower capacity, accounting for around 15 per cent of the country's total hydropower capacity.

About NHPC
NHPC Limited is a Navratna public sector undertaking under the Government of India and the country's flagship hydroelectric power generation company. The company is primarily involved in the generation and sale of bulk power to various power utilities. Its other business activities include project management, Construction contracts, consultancy services, and trading of power. NHPC generated a revenue of Rs 11,700 crore for the financial year ending March 31, 2025.

Disclaimer: The article is for informational purposes only and not investment advice.
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