NTPC Ltd accepts bid for Rs 5000 crore Rupee Term Loan of IRFC Ltd
The proposal is subject to further due diligence and approval of the Board of Directors and finalisation of detailed sanctioned terms with NTPC.
State-run Indian Railway Finance Corporation (IRFC) has emerged as the lowest bidder for Rs 5,000 crore Rupee Term Loan to NTPC Ltd. The State run Power firm NTPC Ltd has accepted the bid for the same.
According to the exchange filing, this is to inform that IRFC has participated in a bid for RTL of Rs 5000 crore to NTPC for meeting part of capital expenditure for ongoing/new capacity addition program including takeover of project, renewable energy projects, renovation and modernisation program of various projects, refinancing of loans etc. on 18th April 2025. In response to the same, NTPC vide a letter dated 24th April 2025 has communicated acceptance of IRFC’s offer.
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The proposal is subject to further due diligence and approval of the Board of Directors and finalisation of detailed sanctioned terms with NTPC.
Earlier, on 25 March, 2025 Indian Railway Finance Corporation (IRFC) has entered into a significant loan agreement with NTPC Renewable Energy Limited (NTPC REL) to provide a Rupee Term Loan of Rs 5,000 crore.
Shares of IRFC are trading down by 3.05 percent at Rs 129.35.
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