NTPC to raise Rs 5,000 cr via term-loan to fund capex
State-owned power giant NTPC has invited bids for raising term-loan of up to Rs 5,000 crore, which would be utilised for capital expenditure for ongoing or new electricity generation capacity addition projects.
“Proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme, including the takeover of projects, renewable energy projects, coal mining & washeries, renovation & modernisation program of various projects, refinancing of loans and general corporate purposes etc,” as per the request for proposal (RFP) document.
According to the document, the RFP is of up to Rs 5,000 crore term-loan sought by NTPC Ltd.
