NHPC's Rs 1,000 cr tax-free bonds issue to open on Oct 18

Written By Unknown on Senin, 14 Oktober 2013 | 21.03

Oct 14, 2013, 05.03 PM IST

The public issue of "tax free, secured, redeemable, non-convertible bonds in the nature of debentures of face value of Rs 1,000 each" would amount to Rs 500 crore.

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NHPC's Rs 1,000 cr tax-free bonds issue to open on Oct 18

The public issue of "tax free, secured, redeemable, non-convertible bonds in the nature of debentures of face value of Rs 1,000 each" would amount to Rs 500 crore.

Like this story, share it with millions of investors on M3

NHPC's Rs 1,000 cr tax-free bonds issue to open on Oct 18

The public issue of "tax free, secured, redeemable, non-convertible bonds in the nature of debentures of face value of Rs 1,000 each" would amount to Rs 500 crore.

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State-owned power producer NHPC 's first ever tax-free bonds issue worth Rs 1,000 crore will be open for subscription on October 18.

Also Read: Should you invest in PFC tax-free bonds?

The public issue of "tax free, secured, redeemable, non-convertible bonds in the nature of debentures of face value of Rs 1,000 each" would amount to Rs 500 crore. There would be an "option to retain over-subscription" up to Rs 500 crore for issuance of additional bonds, taking the aggregate to a total of Rs 1,000 crore, the company said today.

The issue would open on October 18 and close on November 11, this year. AK Capital Services and Axis Capital are the lead managers while Karvy Computershare is the registrar to the issue. The country's largest hydro power is awaiting approvals for about ten projects having total capacity of 8,801 MW.

Further, NHPC is planning to join hands with private sector players for developing hydel power projects. The state-owned hydro power producer is also diversifying into thermal, solar and wind energy projects. The company plans to develop grid connected 50 MW wind and 100 MW solar power projects. Currently, NHPC has an installed power generation capacity of 5,702 MW.


On October 14, 2013, NHPC closed at Rs 18.90, down Rs 0.15, or 0.79 percent. The 52-week high of the share was Rs 29.40 and the 52-week low was Rs 14.80.

The company's trailing 12-month (TTM) EPS was at Rs 1.95 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 9.69. The latest book value of the company is Rs 22.63 per share. At current value, the price-to-book value of the company was 0.84.


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