NTPC plans to raise term loans worth up to Rs 50 billion

NTPC Limited has invited proposals for raising term loans worth up to Rs 50 billion.

NTPC has issued a request for proposal for raising the amount and financial institutions have until August 26, 2021 at 11 a.m. to submit the bids. The bids would be opened at 11.30 a.m. the same day. The funds will be used to fund capital expenditures for existing or new capacity expansion projects. Takeovers of projects, the purchase of the Government of India’s equity share in public sector undertakings under the disinvestment programme, renewable energy projects, coal mining and washeries, project renovation and modernisation, debt refinancing, and general corporate purposes are among them.

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