NHPC to Issue Bonds Worth Rs 20 Billion on April 23

22 Apr 2025 CW Team

According to a regulatory filing, the board will specifically examine and authorize the Key Information Document (KID) related to the bond issuance. The company intends to issue unsecured, redeemable, taxable, non-convertible, and non-cumulative bonds.

These bonds will be issued in one or more tranches, based on the company鈥檚 funding needs during the current financial year. The proposed bond issue is part of NHPC鈥檚 broader borrowing strategy to fund operational costs and future growth plans for FY 2025鈥�26.

In its latest financial update, NHPC reported a 52.5 per cent decline in net profit year-on-year, amounting to Rs 2.31 billion for the quarter ending December 31, 2024. In the same quarter of the previous fiscal year, the company posted a net profit of Rs 4.86 billion, reflecting a significant drop in profitability.

Despite the decline in profit, NHPC鈥檚 revenue from operations increased by 11.3 per cent year-on-year to Rs 22.86 billion for Q3 FY25, up from Rs 20.55 billion in Q3 FY24. The company showed an improvement in operating performance, with EBITDA rising by 35.8 per cent to Rs 10.21 billion, compared to Rs 7.52 billion in the same quarter of the previous year.

The EBITDA margin for the quarter was 44.7 per cent, a substantial increase from 36.6 per cent in the comparable quarter of the previous fiscal year. EBITDA, or earnings before interest, taxes, depreciation, and amortization, reflects NHPC鈥檚 high operational efficiency despite pressure on the bottom line.

The upcoming board meeting and the fundraising decision are expected to draw close attention from investors and market participants, as they could provide insights into the company鈥檚 funding strategy and financial priorities for the upcoming fiscal year.

News source: IIFL Capital

NHPC, a government-owned hydropower company, has revealed plans to raise up to Rs 20 billion through a private placement of bonds during the financial year 2025鈥�26. The company's board of directors is scheduled to meet on Wednesday, April 23, 2025, to review and approve the fundraising proposal. According to a regulatory filing, the board will specifically examine and authorize the Key Information Document (KID) related to the bond issuance. The company intends to issue unsecured, redeemable, taxable, non-convertible, and non-cumulative bonds. These bonds will be issued in one or more tranches, based on the company鈥檚 funding needs during the current financial year. The proposed bond issue is part of NHPC鈥檚 broader borrowing strategy to fund operational costs and future growth plans for FY 2025鈥�26. In its latest financial update, NHPC reported a 52.5 per cent decline in net profit year-on-year, amounting to Rs 2.31 billion for the quarter ending December 31, 2024. In the same quarter of the previous fiscal year, the company posted a net profit of Rs 4.86 billion, reflecting a significant drop in profitability. Despite the decline in profit, NHPC鈥檚 revenue from operations increased by 11.3 per cent year-on-year to Rs 22.86 billion for Q3 FY25, up from Rs 20.55 billion in Q3 FY24. The company showed an improvement in operating performance, with EBITDA rising by 35.8 per cent to Rs 10.21 billion, compared to Rs 7.52 billion in the same quarter of the previous year. The EBITDA margin for the quarter was 44.7 per cent, a substantial increase from 36.6 per cent in the comparable quarter of the previous fiscal year. EBITDA, or earnings before interest, taxes, depreciation, and amortization, reflects NHPC鈥檚 high operational efficiency despite pressure on the bottom line. The upcoming board meeting and the fundraising decision are expected to draw close attention from investors and market participants, as they could provide insights into the company鈥檚 funding strategy and financial priorities for the upcoming fiscal year. News source: IIFL Capital

Technology

14 May 2025

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Real Estate

14 May 2025

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Equipment

14 May 2025

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..