Hindustan Power May Enter Market with IPO Next Year
New Delhi: Hindustan Power is likely to make its maiden public issue next year, its chairman Ratul Puri said on Thursday. The time and size of the offer will depend on the company’s funding requirements, he said.
The company has started construction of the second phase of its Anuppur thermal power plant in Madhya Pradesh at an estimated investment of .₹ 9,000 crore. The second phase, involving 1,320 mw capacity, is targeted to be commissioned in four years.
“The initial public offer can be expected sometime next year. But it depends on commissioning of our thermal power plant. We will see requirement of incremental capital,” Puri said. The company is yet to place equipment orders for the second phase of the project. The project is being set up at a debt-
ON FUND RAISING