NHPC shareholders approved increasing the company's borrowing limit to Rs 50,000 crore, enabling further investments in ongoing and new projects.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Aug 29 (PTI) State-owned NHPC 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.
The proposal to increase the borrowing limit from Rs 40,000 crore to Rs 50,000 crore got the 99.99 per cent 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.
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