Hin­dus­tan Power May En­ter Mar­ket with IPO Next Year

The Economic Times - - Companies - Our Bureau

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

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.