Greater Noida (Business Desk):THDC India Limited (THDCIL), a premier Schedule-A, Mini Ratna Public Sector Undertaking under the Ministry of Power, has successfully concluded bidding for its Corporate Bonds Series XIII, raising ₹600 crore. The bonds are set to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 23, 2025.
The bidding process, conducted at THDCIL’s Corporate Office in Rishikesh on July 18, received an overwhelming response from the market, with the issue being oversubscribed by 11 times. The competitive coupon rate of 7.45% per annum was discovered via the BSE Electronic Bidding Platform, underscoring the strong investor confidence in THDCIL’s financial stability and operational track record.
Sh. R. K. Vishnoi, Chairman and Managing Director of THDCIL, emphasized that the success of Bond Series XIII reflects the market’s continued trust in the company’s strong fundamentals, prudent financial practices, and consistent performance. He added that the funds raised will help support THDCIL’s ongoing expansion into diverse energy portfolios and strategic projects.
Sh. Sipan Kumar Garg, Director (Finance) and CFO, explained that the issuance consisted of unsecured, redeemable, non-convertible, non-cumulative, taxable bonds in the form of debentures. The issue had a base size of ₹200 crore and a green shoe option of ₹400 crore, aggregating to a total of ₹600 crore with a tenor of 10 years.
The bond issuance is backed by strong credit ratings — “AA (Outlook: Positive)” from India Ratings and “AA (Outlook: Stable)” from CARE Ratings — further boosting investor confidence.
So far, THDCIL has issued 13 series of bonds, raising a total of ₹10,442 crore from the corporate debt market. Each issuance has received enthusiastic participation, showcasing sustained market trust in the PSU’s growth and creditworthiness.
The bidding event was attended by senior THDC officials including Sh. Sipan Kumar Garg, Shri A.K. Garg (GM, Finance), Shri Himangshu Chakraborty (AGM, Finance-Budget), Ms. Rashmi Sharma (Company Secretary), and Ms. Hemlata Agarwal, Head, Northern Region (Fixed Income), BSE.
