NHPC Limited

NHPC Limited is an Indian company in the power industry (formerly National Hydroelec. Power Cor Ltd) with 58 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 6.4% to 8.92% a year. Maturity dates run from 12 Feb 2027 to 29 May 2041. NSDL records 14 of the 58 whose terms it holds as secured. Latest credit ratings on record: India Ratings AAA (Stable) (action dated 14 Jul 2026); ICRA AAA (Stable) (action dated 1 Jul 2026); CARE AAA (Stable) (action dated 22 May 2026); CREDIT ANALYSIS & RESEARCH LTD. AAA (action dated 1 Dec 2013). Verify current terms against the official documents linked on this page.

Data as of 13 Nov 2026 (snapshot 20261113-2049) · How this page is compiled

Issuer overview

Legal name
NHPC Limited
Formerly
National Hydroelec. Power Cor Ltd
CIN
L40101HR1975GOI032564
LEI
3358003ZPPTGWT595J46
Industry
Power
Business
Electric Utilities
Ownership
Non PSU
ISIN issuer code
INE848E
Outstanding bonds (ISINs)
58
Stated coupons (fixed rate)
6.4% – 8.92%
Maturity dates
12 Feb 2027 – 29 May 2041
Secured (NSDL)
14 of 58
Combined issue size of outstanding bonds
₹13,818 crore
Traded on
BSE, NSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

NHPC bonds: ISIN, coupon and maturity

58 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE848E07BO2 Bond (NCD) 6.86% Yearly 12 Feb 2021 12 Feb 2027 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08250 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2027 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08375 Bond (NCD) 6.4% Yearly 12 Aug 2025 12 Aug 2027 ₹1,00,000 2,000 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E07BP9 Bond (NCD) 6.86% Yearly 12 Feb 2021 11 Feb 2028 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08243 Bond (NCD) 7.59% Yearly 20 Feb 2023 19 Feb 2028 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E07526 Tax-free bond 8.54% Yearly 2 Nov 2013 2 Nov 2028 ₹1,000 213 Secured None recorded BSE, NSE India Ratings AAA 14 Jul 2026
INE848E07559 Tax-free bond 8.79% Yearly 2 Nov 2013 2 Nov 2028 ₹1,000 85.61 Secured None recorded BSE, NSE India Ratings AAA 14 Jul 2026
INE848E07BQ7 Bond (NCD) 6.86% Yearly 12 Feb 2021 12 Feb 2029 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08235 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2029 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E07BR5 Bond (NCD) 6.86% Yearly 12 Feb 2021 12 Feb 2030 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08227 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2030 ₹1,00,000 83.00 Unsecured None recorded BSE India Ratings AAA 14 Jul 2026
INE848E07BS3 Bond (NCD) 6.86% Yearly 12 Feb 2021 12 Feb 2031 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08219 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2031 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08367 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2031 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E07BT1 Bond (NCD) 6.86% Yearly 12 Feb 2021 12 Feb 2032 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08201 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2032 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08383 Bond (NCD) 7.29% Yearly 27 Feb 2026 27 Feb 2032 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08359 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2032 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08490 Bond (NCD) 7.67% Yearly 29 May 2026 29 May 2032 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E07BU9 Bond (NCD) 6.86% Yearly 12 Feb 2021 11 Feb 2033 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08193 Bond (NCD) 7.59% Yearly 20 Feb 2023 19 Feb 2033 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08391 Bond (NCD) 7.29% Yearly 27 Feb 2026 25 Feb 2033 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08342 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2033 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08508 Bond (NCD) 7.67% Yearly 29 May 2026 27 May 2033 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E07534 Tax-free bond 8.67% Yearly 2 Nov 2013 2 Nov 2033 ₹1,000 336 Secured None recorded BSE, NSE India Ratings AAA 14 Jul 2026
INE848E07567 Tax-free bond 8.92% Yearly 2 Nov 2013 2 Nov 2033 ₹1,000 254 Secured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E07BV7 Bond (NCD) 6.86% Yearly 12 Feb 2021 10 Feb 2034 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08185 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2034 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08409 Bond (NCD) 7.29% Yearly 27 Feb 2026 27 Feb 2034 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08284 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2034 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08516 Bond (NCD) 7.67% Yearly 29 May 2026 29 May 2034 ₹1,00,000 200 Unsecured None recorded BSE, NSE India Ratings AAA 14 Jul 2026
INE848E08268 Bond (NCD) 7.2% Yearly 27 Jan 2025 25 Jan 2035 ₹1,00,000 2,489 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E07BW5 Bond (NCD) 6.86% Yearly 12 Feb 2021 12 Feb 2035 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08177 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2035 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08417 Bond (NCD) 7.29% Yearly 27 Feb 2026 27 Feb 2035 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08292 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2035 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08524 Bond (NCD) 7.67% Yearly 29 May 2026 29 May 2035 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E07BX3 Bond (NCD) 6.86% Yearly 12 Feb 2021 12 Feb 2036 ₹1,00,000 150 Secured None recorded — India Ratings AAA 14 Jul 2026
INE848E08169 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2036 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08425 Bond (NCD) 7.29% Yearly 27 Feb 2026 27 Feb 2036 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08300 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2036 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08573 Bond (NCD) 7.67% Yearly 29 May 2026 29 May 2036 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08151 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2037 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08433 Bond (NCD) 7.29% Yearly 27 Feb 2026 27 Feb 2037 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08318 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2037 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08532 Bond (NCD) 7.67% Yearly 29 May 2026 29 May 2037 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08144 Bond (NCD) 7.59% Yearly 20 Feb 2023 20 Feb 2038 ₹1,00,000 83.00 Unsecured None recorded — India Ratings AAA 14 Jul 2026
INE848E08441 Bond (NCD) 7.29% Yearly 27 Feb 2026 26 Feb 2038 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08326 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2038 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08540 Bond (NCD) 7.67% Yearly 29 May 2026 29 May 2038 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08458 Bond (NCD) 7.29% Yearly 27 Feb 2026 25 Feb 2039 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08334 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2039 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08557 Bond (NCD) 7.67% Yearly 29 May 2026 27 May 2039 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08466 Bond (NCD) 7.29% Yearly 27 Feb 2026 27 Feb 2040 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08276 Bond (NCD) 6.86% Yearly 6 May 2025 6 May 2040 ₹1,00,000 195 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08565 Bond (NCD) 7.67% Yearly 29 May 2026 29 May 2040 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08474 Bond (NCD) 7.29% Yearly 27 Feb 2026 27 Feb 2041 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
INE848E08482 Bond (NCD) 7.67% Yearly 29 May 2026 29 May 2041 ₹1,00,000 200 Unsecured None recorded NSE India Ratings AAA 14 Jul 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

NHPC credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
India Ratings AAA Stable Reaffirm 14 Jul 2026 58 Verified by NSDL · Checked 12 Nov 2026
ICRA AAA Stable Reaffirm 1 Jul 2026 4 Checked 12 Nov 2026
CARE AAA Stable Reaffirm 22 May 2026 58 Checked 12 Nov 2026
CREDIT ANALYSIS & RESEARCH LTD. AAA — — 1 Dec 2013 4 Over 12 months old · Checked 12 Nov 2026
Rating history
Date Agency Rating Outlook Action
14 Jul 2026 India Ratings AAA Stable Reaffirm
1 Jul 2026 ICRA AAA Stable Reaffirm
22 May 2026 CARE AAA Stable Reaffirm
20 Feb 2026 CARE AAA Stable Reaffirm
31 Jul 2025 India Ratings AAA Stable Reaffirm
28 Jul 2025 CARE AAA Stable Reaffirm
3 Jul 2025 ICRA AAA Stable Reaffirm
30 Apr 2025 CARE AAA Stable Reaffirm
17 Jan 2025 CARE AAA Stable Reaffirm
16 Jan 2025 CARE AAA Stable New
20 Aug 2024 CARE AAA Stable Reaffirm
1 Aug 2024 India Ratings AAA Stable Reaffirm
5 Jul 2024 ICRA AAA Stable Reaffirm
21 Aug 2023 CARE AAA Stable Reaffirm
7 Jul 2023 ICRA AAA Stable Reaffirm

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: ICRA, CARE, India Ratings

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
29 May 2026 INE848E08508 27 May 2033 Placement memorandum on BSE
29 May 2026 INE848E08524 29 May 2035 Placement memorandum on BSE
29 May 2026 INE848E08557 27 May 2039 Placement memorandum on BSE
29 May 2026 INE848E08565 29 May 2040 Placement memorandum on BSE
29 May 2026 INE848E08482 29 May 2041 Placement memorandum on BSE
29 May 2026 INE848E08540 29 May 2038 Placement memorandum on BSE
29 May 2026 INE848E08573 29 May 2036 Placement memorandum on BSE
29 May 2026 INE848E08516 29 May 2034 Placement memorandum on BSE
29 May 2026 INE848E08532 29 May 2037 Placement memorandum on BSE
29 May 2026 INE848E08490 29 May 2032 Placement memorandum on BSE
27 Feb 2026 INE848E08383 27 Feb 2032 Placement memorandum on BSE
27 Feb 2026 INE848E08391 25 Feb 2033 Placement memorandum on BSE
27 Feb 2026 INE848E08409 27 Feb 2034 Placement memorandum on BSE
27 Feb 2026 INE848E08417 27 Feb 2035 Placement memorandum on BSE
27 Feb 2026 INE848E08425 27 Feb 2036 Placement memorandum on BSE
27 Feb 2026 INE848E08433 27 Feb 2037 Placement memorandum on BSE
27 Feb 2026 INE848E08441 26 Feb 2038 Placement memorandum on BSE
27 Feb 2026 INE848E08458 25 Feb 2039 Placement memorandum on BSE
27 Feb 2026 INE848E08466 27 Feb 2040 Placement memorandum on BSE
27 Feb 2026 INE848E08474 27 Feb 2041 Placement memorandum on BSE
12 Aug 2025 INE848E08375 12 Aug 2027 Placement memorandum on BSE
6 May 2025 INE848E08326 6 May 2038 Placement memorandum on BSE
6 May 2025 INE848E08334 6 May 2039 Placement memorandum on BSE
6 May 2025 INE848E08276 6 May 2040 Placement memorandum on BSE
6 May 2025 INE848E08367 6 May 2031 Placement memorandum on BSE
6 May 2025 INE848E08359 6 May 2032 Placement memorandum on BSE
6 May 2025 INE848E08342 6 May 2033 Placement memorandum on BSE
6 May 2025 INE848E08284 6 May 2034 Placement memorandum on BSE
6 May 2025 INE848E08292 6 May 2035 Placement memorandum on BSE
6 May 2025 INE848E08300 6 May 2036 Placement memorandum on BSE
6 May 2025 INE848E08318 6 May 2037 Placement memorandum on BSE
27 Jan 2025 INE848E08268 25 Jan 2035 Placement memorandum on BSE
20 Feb 2023 INE848E08144 20 Feb 2038 Placement memorandum on BSE
20 Feb 2023 INE848E08151 20 Feb 2037 Placement memorandum on BSE
20 Feb 2023 INE848E08169 20 Feb 2036 Placement memorandum on BSE
20 Feb 2023 INE848E08177 20 Feb 2035 Placement memorandum on BSE
20 Feb 2023 INE848E08185 20 Feb 2034 Placement memorandum on BSE
20 Feb 2023 INE848E08193 19 Feb 2033 Placement memorandum on BSE
20 Feb 2023 INE848E08201 20 Feb 2032 Placement memorandum on BSE
20 Feb 2023 INE848E08219 20 Feb 2031 Placement memorandum on BSE
20 Feb 2023 INE848E08227 20 Feb 2030 Placement memorandum on BSE
20 Feb 2023 INE848E08235 20 Feb 2029 Placement memorandum on BSE
20 Feb 2023 INE848E08243 19 Feb 2028 Placement memorandum on BSE
20 Feb 2023 INE848E08250 20 Feb 2027 Placement memorandum on BSE
12 Feb 2021 INE848E07BQ7 12 Feb 2029 Placement memorandum on BSE
12 Feb 2021 INE848E07BO2 12 Feb 2027 Placement memorandum on BSE
12 Feb 2021 INE848E07BP9 11 Feb 2028 Placement memorandum on BSE
12 Feb 2021 INE848E07BR5 12 Feb 2030 Placement memorandum on BSE
12 Feb 2021 INE848E07BS3 12 Feb 2031 Placement memorandum on BSE
12 Feb 2021 INE848E07BT1 12 Feb 2032 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

NHPC bonds: questions and answers

What bonds has NHPC Limited issued?

NHPC Limited has 58 outstanding bonds recorded on this page. By type, as described by NSDL: 54 bond (ncd), 4 tax-free bond.

What are the ISINs of NHPC Limited bonds?

Its 58 outstanding bonds each have their own ISIN, for example INE848E07BO2, INE848E08250, INE848E08375. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE848E.

What coupon rates do NHPC Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 6.4% to 8.92% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do NHPC Limited bonds mature?

Its outstanding bonds have maturity dates from 12 Feb 2027 to 29 May 2041. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of NHPC Limited bonds?

NSDL India Bond Info records India Ratings AAA (Stable) (action dated 14 Jul 2026); ICRA AAA (Stable) (action dated 1 Jul 2026); CARE AAA (Stable) (action dated 22 May 2026); CREDIT ANALYSIS & RESEARCH LTD. AAA (action dated 1 Dec 2013) on its outstanding bonds. Checked on NSDL on 12 Nov 2026. A rating is the agency's opinion and can change at any time.

Are NHPC Limited bonds secured, unsecured or guaranteed?

NSDL records 14 of the 58 outstanding bonds whose terms it holds as secured and 44 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is NHPC Limited the same company as National Hydroelec. Power Cor Ltd?

Yes. NHPC Limited was formerly known as National Hydroelec. Power Cor Ltd; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is L40101HR1975GOI032564.

Where can investors find the original disclosure documents for NHPC Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of NHPC Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 13 Nov 2026 (snapshot 20261113-2049). Facts on this page last changed on 6 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

Advertisement
Bond Interpretation
Bond Interpretation
Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

Popular Categories