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    NTPC to raise term-loan of Rs 5,000 crore to fund capex


    May 12, 2022 - Accord Fintech

     

      India, May 12 -- NTPC has invited bids for raising term-loan of up to Rs 5,000 crore. Proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme, including the takeover of projects, renewable energy projects, coal mining & washeries, renovation & modernisation program of various projects, refinancing of loans and general corporate purposes etc. The minimum amount of loan offered by banks or financial institutions will be Rs 500 crore and in multiples of Rs 500 crore. The bids will be opened on May 27, 2022.

      NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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