The overwhelming response to the bidding for THDC India Limited’s Corporate Bonds Series XIII is a testament to the company’s solid market reputation and the trust investors have in its financial stability.
With a competitive coupon rate of 7.45% p.a., the successful conclusion of the Rs. 600 Crore bond issue on July 18, 2025, highlights the confidence investors have in THDCIL’s operations. Chairman & Managing Director, Sh. R. K. Vishnoi, expressed his satisfaction with the completion of Bond Series XIII, attributing it to investors’ trust in THDCIL’s strong fundamentals and prudent financial management.
He emphasized the company’s commitment to expanding its energy portfolio and utilizing the raised funds to bolster its financial standing and support strategic initiatives. Director (Finance) and CFO, Sh. Sipan Kumar Garg, elaborated on the bond issuance details, highlighting that the issue garnered significant interest from investors, leading to an oversubscription of 11 times the base size. This response underscores investors’ confidence in THDCIL’s financial strength and operational excellence. The presence of key officials during the bidding, including Sh. Sipan Kumar Garg, Shri A.K. Garg, Shri Himangshu Chakraborty, Ms. Rashmi Sharma, and Ms. Hemlata Agarwal, added to the transparency and credibility of the process.
Demonstrating strong market trust and investors’ confidence, THDC India Limited, a Premier schedule-A, Mini Ratna, PSU, successfully concluded the bidding for its Corporate Bonds Series XIII of Rs. 600 Crore on July 18, 2025. The bidding for the Series XIII Bonds issue took place at THDCIL’s Corporate Office in Rishikesh and a competitive coupon rate of 7.45% p.a. was discovered through bidding on the BSE–Electronic Bidding Platform. The issue was oversubscribed by 11 times at a competitive interest rate, which reinforces the trust placed by investors in THDCIL Corporate Bonds.
Sh. R. K. Vishnoi, Chairman & Managing Director, THDC India Limited, stated that the successful completion of Bond Series XIII, reflects the strong confidence of investors in THDCIL’s robust fundamentals, prudent financial management, and consistent operational performance. He emphasized that THDCIL, as a diversified energy PSU, is steadily expanding its portfolio across diverse energy portfolios, and the funds mobilized through this issuance will further strengthen the company’s financial position and support its ongoing strategic projects.
Sh. Sipan Kumar Garg, Director (Finance) and CFO, THDCIL stated that the recently concluded bond issuance comprised unsecured, redeemable, non-convertible, non-cumulative, taxable Bonds in the nature of debentures, with a base size of Rs 200 Crore and a green shoe option of Rs 400 Crore, aggregating to a total issue size of Rs 600 Crore, with a tenor of 10 years. He further highlighted that the issue witnessed an overwhelming response from the market, achieving an oversubscription of 11 times the base issue size, which reflects the strong confidence of investors in THDCIL’s financial strength, prudent debt management, and consistent track record of operational excellence.
The bidding took place in the presence of Sh. Sipan Kumar Garg, Director (Finance) and CFO, Shri A.K. Garg, GM, Finance, Shri Himangshu Chakraborty AGM (Finance-Budget), Ms. Rashmi Sharma, Company Secretary, THDCIL and Ms. Hemlata Agarwal, BSE Head Northern Region, Fixed Income.
The Company is currently rated as “AA outlook Positive” from India Ratings and “AA outlook Stable” from CARE, emphasizing the company’s financial stability and strong credit profile.
As of present, THDCIL has issued a total of 13 series of Bonds and has successfully raised funds amounting to Rs. 10,442 Crore from the corporate debt market. All of the Bonds issued by THDCIL have generated significant market interest, reflecting sustained market confidence in the company.
With top credit ratings from India Ratings and CARE, THDCIL’s financial stability and creditworthiness are well-recognized in the industry. Having raised substantial funds through 13 series of Bonds, totaling Rs. 10,442 Crore, the company continues to attract market interest and maintain a strong position in the corporate debt market. The successful conclusion of the Series XIII bond issue not only reinforces investors’ trust in THDCIL but also sets a benchmark for future financial endeavors, showcasing the company’s commitment to growth and excellence in the energy sector.
