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NTPC launches tender to raise up to 5,000 crore rupees as rupee term loan

By on August 11, 2021 0

India’s largest power generation company, NTPC Limited, has issued a tender to raise up to Rs 5,000 crore in the form of a rupee term loan. The company on Wednesday issued a “request for proposal” for the same.

NTPC said the loan will be used for capital spending for ongoing / new capacity add-on programs.

This includes the takeover of projects, the buyout of the Indian government’s stake in public sector utilities under the Centre’s divestment program, renewable energy projects, coal mines and laundries, renovation and modernization of various projects, loan refinancing and general corporate objectives. , etc.

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