NTPC launches tender to raise Rs 5,000 cr via term loan to fund capital expenditure

State-owned power giant, NTPC, has launched a tender to raise a term loan of up to Rs 5,000 crore, which would be used for capital expenditure for power addition projects. current or new power generation capacity.

“Proceeds of the loan will be used for capital expenditures for the ongoing/new capacity addition program, including project takeover, renewable energy projects, coal mines and laundries, renovation and modernization of various projects, refinancing of loans and general corporate purposes, etc.,” according to the Request for Proposal (RFP) document.

According to the document, the request for proposals is for a term loan of up to Rs 5,000 crore being sought by NTPC Ltd.

The minimum loan amount offered by banks or financial institutions will be Rs 500 crore and in multiples of Rs 500 crore. Bids will be opened on May 27, 2022.

NTPC is India’s largest power producer in terms of installed capacity and generation with the group’s total installed capacity of 68,961.68 MW.

NTPC shares are listed on the BSE and the NSE.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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