THDC India Limited achieved a significant milestone with its Corporate Bonds Series XII of Rs. 700 crore being oversubscribed nearly 8 times, reflecting robust investor confidence. Chairman and Managing Director R K Vishnoi praised the overwhelming response, attributing it to THDCIL’s financial prudence and operational excellence.
Key details of the issuance:
- Nature: unsecured, redeemable, non-convertible debentures.
- Size: Base issue Rs. 200 crore, green shoe option Rs. 500 crore, total Rs. 700 crore.
- Tenure: 10 years.
- Coupon Rate: Competitive rate of 7.73% p.a., discovered via BSE’s e-bidding platform.
The funds will support ongoing and under-construction projects, including the Khurja Super Thermal Power Plant, whose Unit #1 commenced commercial operations on January 25, 2025. With strong credit ratings (“AA outlook Positive” from India Ratings and “AA outlook Stable” from CARE), THDCIL continues to solidify its reputation as a trusted player in the corporate debt market.
This marks the 12th series of bonds issued by THDCIL, raising a cumulative Rs. 9,842 crore, underscoring sustained market confidence in the company’s financial stability and growth trajectory.
