The company, which aims to add 723MW capacity by March, will raise INR5bn ($110m) in domestic bonds by September and the remainder by the end of the current financial year, Reuters reported.
The addition of the new capacity will increase the company’s total generating capacity to 6,000MW.
NHPC has earmarked a capital expenditure of about INR50bn ($1.1bn) in the 2011/12 fiscal year, compared with INR38bn ($838m) in the last fiscal year.
The company recently said it has achieved net profit after tax of INR7.91bn ($174.5m) during the first quarter of FY 2011-12 which is 47.19% higher than the net profit of INR5.37bn ($118m) earned during the corresponding period of the previous year.
