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THDCIL’s Rs. 600 Crores Bond Issue a Grand Success

For the first time THDC India Limited (THDCIL) has tapped the Financial Market to Raise Funds through the Private Placement of Bonds. For this the bidding was conducted on 29.09.2016 on E-bidding platform of Bombay Stock Exchange (BSE). The issue size was Rs. 300 Crore with Green Shoe Option of Rs. 300 Crore.  THDCIL was able to raise Rs. 600 Crore at a coupon rate of 7.59%. The issue was oversubscribed 3.5 times.

This reflects the tremendous amount of faith and confidence of investors in performance and Future Outlook of THDCIL. For this THDCIL has appointed 15 arrangers, M/s Karvy Computer Share Private Limited as Registrar and M/s Vistara ITCL India Limited as the Debenture trustee. The bond issue was rated AA+ by M/s CARE and India Ratings.

THDCIL is one of the premier Hydropower Generators in the Country with an installed capacity of 1450MW credited with the Commissioning of Tehri Dam (1000MW), Koteshwar HEP (400MW) and 50MW Wind Power Project at Patan in Gujarat. The Corporation has also extended its Business Operations in the field of Thermal Power with Khurja STPP and is also involved in Solar Energy area.    


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