Photo: Shutterstock
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
NTPC Green Energy To Raise Up To Rs 9,000 Cr Through Rupee Term Loan
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
Topics
NTPC | Fundraising | Green energy
NTPC arm NTPC Green Energy Ltd (NGEL) has invited bids for 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.
Also, additional funds to the tune of Rs 800 crore would be required for additional debt liability and for balance capex payments of projects which are yet to achieve full commercial operations, it stated.
Thus, NGEL has invited offer for rupee term loan of up to Rs 9,000 crore, it said.
The minimum amount of loan offered by banks/FIs (financial institutions) shall be Rs 1,000 crore and in multiples of Rs 500 crore thereafter, it stated.
The last date for submission of bids is March 6, 2023.
NTPC had incorporated NGEL in April 2022 for consolidating its renewable energy businesses and aggressively pursue its green/ sustainable energy venture.
(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.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Tue, February 21 2023. 12:56 IST
RECENT NEWS
Titi Coles Legacy In Finance: Pioneering Diversity And Leadership
Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more
Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more