New Delhi: State-owned NHPC Limited will seek shareholders’ approval to increase its borrowing limit from ₹60,000 crore to ₹70,000 crore at its Annual General Meeting (AGM) scheduled for August 28, 2026.
The proposal comes as the company prepares for a major capital expenditure (capex) programme to finance its expanding portfolio of hydroelectric, solar and pumped storage projects. According to the AGM notice, the existing borrowing limit of ₹60,000 crore is no longer sufficient to meet the company’s future funding requirements.
NHPC Expects ₹67,500 Crore Debt Requirement in Next Five Years
NHPC said its tentative debt requirement for ongoing and upcoming projects over the next five years is estimated at around ₹67,500 crore.
Key Highlights
- Estimated debt requirement: ₹67,500 crore
- Current borrowing limit: ₹60,000 crore
- Proposed borrowing limit: ₹70,000 crore
- Existing limit is expected to be exhausted within the next three years
The company said the proposed increase is necessary to ensure uninterrupted funding for its expansion plans.
Read also: NHPC Q1 FY27 Results: Net Profit Rises to ₹1,113 Crore, Revenue Surges on Higher Power Generation
Shareholders to Vote on Special Resolution
NHPC will seek shareholders’ approval through a special resolution authorising the Board of Directors to borrow funds from time to time beyond the company’s paid-up share capital, free reserves and securities premium.
If approved, the company’s total borrowings—excluding temporary loans obtained from banks in the ordinary course of business—will be permitted to reach up to ₹70,000 crore.
Capacity Expansion Across Hydro, Solar and Pumped Storage Projects
NHPC said it is currently executing several power generation projects while simultaneously expanding its future project pipeline.
Projects Under Focus
- Hydroelectric power projects
- Solar power projects
- Pumped Storage Projects (PSPs)
- Other renewable energy projects
The company added that details of these projects have already been included in its Directors’ Report. NHPC is currently in a rapid capacity addition phase, with a focus on strengthening India’s clean energy infrastructure through hydro, pumped storage and renewable energy projects.
Why NHPC Wants to Increase the Borrowing Limit
According to the company, the enhanced borrowing limit will help:
- Fund ongoing and upcoming infrastructure projects
- Meet rising capital expenditure requirements
- Support faster capacity expansion
- Strengthen NHPC’s long-term clean energy growth strategy
About NHPC Limited
NHPC Limited is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Power, Government of India. Incorporated in 1975, the company is India’s largest hydropower developer and is engaged in the planning, construction, and operation of hydroelectric, solar, and wind power projects. NHPC plays a vital role in strengthening India’s renewable energy capacity and ensuring reliable, sustainable electricity generation across the country.
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