THDCIL’s ₹700 Cr Bonds Oversubscribed 8x, Listing on BSE & NSE

Rishikesh, 15 February – THDC India Limited (THDCIL) marked a major financial milestone as its Corporate Bonds Series XII of Rs. 700 crore saw an overwhelming market response, being oversubscribed by nearly 8 times. This strong investor confidence reflects THDCIL’s robust financial position and operational efficiency.

CMD R.K. Vishnoi expressed gratitude to investors and highlighted the company’s strengthened market standing following the recent commercial operation of Unit#1 of the 1320 MW Khurja Super Thermal Power Plant on 25 January 2025.

Director (Finance) & CFO Sipan Kumar Garg elaborated that the bonds, with a 10-year tenor, include a Rs. 200 crore base size and a Rs. 500 crore green shoe option. These funds will support ongoing and under-construction projects while refinancing existing loans.

With competitive bidding on BSE’s electronic platform, the bonds secured an attractive coupon rate of 7.73% p.a. THDCIL, rated “AA Positive” by India Ratings and “AA Stable” by CARE, has successfully raised Rs. 9,842 crore from corporate debt markets across 12 bond series.