NTPC Floats Tender To Raise Rs 5,000-cr Term Loan, Bids Invited Till Aug 31

Tuesday August 16, 2022.

Press Trust of India | New Delhi

Last Updated at August 16, 2022 22:14 IST

The state government holds a 26.85 per cent stake in SJVN, which owns and operates 2 GW of hydro power projects

The proceeds of the loan will be used for capital expenditure, refinancing of loan and other corporate purposes.

State-owned power giant NTPC on Tuesday floated a tender to raise Rs 5,000 crore term loan from financial institutions.

"We hereby seek participation of Banks/FIs (Financial Institutions) for the subject RFP (Request For Proposal for raising Rs 5,000 crore term loan)," a document said.

As per the document, the bids can be submitted till 1100 hours on August 31.

The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.

The proceeds of the loan will be used for capital expenditure, refinancing of loan and other corporate purposes.

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

First Published: Tue, August 16 2022. 18:08 IST

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