NTPC eyes projects deep in bank debt
New Delhi, NTPC is exploring the possibility of buying out big power projects in central and south India after being approached by banks that have
lent heavily to these projects.
“Banks have come to us with proposals to take over projects,” NTPC chairman Arup Roy Choudhury told The Telegraph.
A number of private projects, which have become non-performing assets (NPAs) to lenders, have been offered to NTPC.
Promoters of many projects have been unable to pay their debts because of delays in starting production. Besides, loans taken in dollars have become
costlier because of the rupee depreciation, making it tougher for the borrowers to pay back. Telegraph
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