NTPC Secures Rs 5000 Crore Term Loan from IRFC for Expansion

Image Source : The Financial Express

NTPC Ltd has accepted the bid from Indian Railway Finance Corporation (IRFC) for a Rs 5000 crore rupee term loan, aimed at funding its ongoing and new capacity expansion projects. The loan will support NTPC’s renewable energy initiatives, modernization programs, and refinancing of existing loans.

Key Highlights:
- IRFC emerged as the lowest bidder for the term loan, securing NTPC’s approval on April 24.
- The funds will be utilized for NTPC’s capital expenditure, including project takeovers and infrastructure development.
- The agreement is subject to further due diligence and approval from NTPC’s Board of Directors.
- NTPC Green, a subsidiary of NTPC, is also looking to raise Rs 5000 crore through bond issuance to strengthen its renewable energy portfolio.
- The company aims to expand its renewable energy capacity to 19GW by 2027, with significant investments planned in wind and battery storage projects.

Sources: PSU Connect, Livemint, Financial Express