NTPC invites bid to raise Rs 50 billion via term-loan to fund capex

NTPC Limited has invited bids for raising term-loan of up to Rs 50 billion.

Proceeds of the loan will be utilised towards capital expenditure for ongoing or new capacity addition programme, including the takeover of projects, renewable energy projects, coal mining and washeries, renovation andmodernisation 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 5 billion and in multiples of Rs 5 billion. The bids will be opened on May 27, 2022.