‹ All Posts
Sanjay Ahuja

4th Jan · SEBI-Registered Analyst

PSU HYDRO-POWER STOCK TO RAISE FUNDS VIA ISSUANCE OF BONDS

NHPC
, a Government of India undertaking company, plans to raise Rs 2,000 crore through issuance of unsecured, redeemable, taxable, non-convertible bonds. This will be issued either in single tranche or multiple tranches through private placement. This amount will be raised as part of the company's borrowing plan for the ongoing financial year.
NHPC
is the largest hydropower development company in India, with a presence in solar and wind energy development. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. It's stock price has seen multiple resistance at Rs 90 per share, and any breakout above this price could suggest a strong momentum in the stock.

#StockInNews#WatchOutFor#FundamentalViews#TrendingSectors#MacroViews