THDC India Limited, Premier Power Sector PSU gears up for the issuance of Corporate Bond Series-IX

Rishikesh, 08-01-2024: THDC India Limited (THDCIL) hosted an Arrangers Meet on January 5, 2024, at its New Delhi office, underscoring the company’s dedication to transparency and collaboration. The event, graced by esteemed arrangers and investors, showcased THDCIL’s commitment as it gears up for the issuance of Corporate Bonds Series-IX on January 12, 2024.

J. Behera, Director (Finance) and team, actively engaging in discussions on the company’s future growth trajectory. THDCIL delivered a comprehensive presentation, offering insights into growth prospects, financial standing, and ongoing projects. This gathering served as a pivotal platform for fostering meaningful dialogue, ensuring arrangers and investors are well-informed about the company’s strategic direction.

A notable highlight was an extensive discussion led by the Sh. J. Behera, Director (Finance), addressing inquiries on expansion strategies and credit ratings. This interactive exchange exemplifies THDCIL’s commitment to keeping stakeholders informed and confident in the company’s business and financial strategies. The imminent commissioning of projects emerged as a key factor expected to substantially enhance the company’s credit rating, emphasizing THDCIL’s dedication to fortifying its financial standing and delivering enhanced value to investors.

R. K. Vishnoi, Chairman and Managing Director, THDC India Limited, conveyed his wishes and underscored the THDCIL’s commitment to informing stakeholders, addressing expansion strategies, credit ratings, and emphasizing imminent project commissioning.

Beyond growth prospects and financial matters, attendees were informed that the bidding for THDCIL Corporate Bonds Series-IX is scheduled for January 12, 2024. This proactive and engaging meeting symbolizes THDCIL’s dedication to fostering productive interactions, providing clarity on its financial outlook, and maintaining open lines of communication with stakeholders

THDCIL is one of the premier power generators in the country with installed capacity of 1587 MW with commissioning of Tehri Dam & HPP (1000MW), Koteshwar HEP (400MW) in Uttarakhand, Wind Power Projects of 50MW at Patan & 63MW at Dwarka in Gujarat, 24MW Dhukwan Small Hydro Project, Jhansi, Uttar Pradesh and 50 MW Solar Power Project at Kasaragod, Kerala to its credit.

Sh. Vishnoi also informed that, despite all the challenges, the Commercial Operations of THDCIL’s Amelia Coal Mine have already commenced, six months ahead of schedule which is a landmark achievement. Besides, the first Unit of 660 MW of 1320 MW Khurja Super Thermal Power Plant (KSTPP)  and the first  unit of 250MW of the Country’s largest 1000 MW Tehri PSP are likely to be commissioned soon, with other Units successively in span of short intervals. This speak volumes of the Professional and State-of-Art practices being implemented by THDC. THDCIL is poised to enhance the company’s achievements, further solidifying its position in the energy sector

With an unwavering commitment to the National Objective of ensuring 24×7 affordable power for all, THDCIL is steadfast in achieving this organizational goal through substantial growth and diversification across various energy sources, including Solar, Wind, Thermal, Pumped Storage Power (PSP), and Hydro. This dedicated approach emphasizes THDCIL’s pivotal role in meeting the nation’s energy requirements while upholding financial stability and operational excellence