The funds would be raised through issuance of corporate bonds in one or more series/ tranches on private placement basis and/ or raising of term loans/ external commercial borrowings (ECB) in suitable tranches.

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 31 December 2022, the Government of India held 70.95% stake in the company.

The company's consolidated net profit declined 17.4% to Rs 671.67 crore despite of 19.8% rise in revenue from operations to Rs 2,582.76 crore in Q3 FY23 over Q3 FY22.

Shares of NHPC declined 0.72% to Rs 40.02 on the BSE.