NTPC plans to raise term loans worth up to Rs 5,000 crore
New Delhi: State-owned NTPC NSE -0.04 % on Wednesday invited proposals for raising term loans worth up to Rs 5,000 crore. The power producer has issued a Request for Proposal (RFP) for raising the amount and financial institutions can submit bids till 11 am on August 26, 2021. The bids would be opened the same day at 11.30 am, according to a letter by NTPC to financial institutions.
The loans would be utilised towards capital expenditure for ongoing or new capacity addition programmes. These include takeover of projects, buying out Government of India’s equity stake in PSUs under the disinvestment programme, renewable energy projects, coal mining & washeries, renovation & modernisation programmes of various projects, refinancing of loans and general corporate purposes.
