NTPC Green Energy to raise up to Rs 90 billion through rupee denominated term loan

NTPC Limited’s arm NTPC Green Energy Limited (NGEL) has invited bids for rupee denominated term loan of up to Rs 90 billion.

NGEL intends to raise fresh debt and repay outstanding liability of Rs 82 billion towards NTPC by March 31, 2023 along with applicable interest cost. Additional funds to the tune of Rs 8 billion would be required for additional debt liability and for balance capex payments of projects which are yet to achieve full commercial operations. The last date for submission of bids is March 6, 2023.