NTPC Green Energy to raise up to ₹9,000 cr term loan

NTPC Green Energy Ltd (NGEL), an NTPC subsidiary, has invited bids for a rupee-denominated term loan of up to Rs 9,000 crore.

The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost.

It also stated that additional funds of Rs 800 crore would be required for additional debt liability and balance capex payments of projects that have yet to achieve full commercial operations.

Hence, NGEL said it has requested offers for a term loan denominated in rupees of up to Rs 9,000 crore.

FPJ Shorts

NP Permit Services Resume Smoothly In Maharashtra After Transport Department Intervention

Western Railway Announces 30-Day Traffic Block On Borivali–Kandivali Section From December 20

Railways To Extend Run Of Train No 22115/22116 LTT-Karmali-LTT Express Upto Madgaon For Christmas & New Year

Bomb Threat Emails Trigger Evacuations Across Bombay High Court, Mumbai Courts And Banks; All Alerts Declared Hoaxes After Searches

It said that banks and FIs (financial institutions) must issue loans in multiples of Rs. 500 crore at first and at least Rs. 1,000 crore thereafter.

The deadline for proposal submissions is March 6, 2023.

In order to consolidate its renewable energy companies and pursue its green/sustainable energy endeavour aggressively, NTPC had established NGEL in April 2022.

Read Also

NTPC to raise up to $750 mln worth of offshore loans in Japanese yen