NTPC plans to raise up to $750 million term loan in JPY denomination

State-owned power giant NTPC plans to raise term loan of USD 750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects

NTPC
Press Trust of India New Delhi
2 min read Last Updated : Feb 15 2023 | 7:59 PM IST

State-owned power giant NTPC plans to raise term loan of USD 750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects.

The company has sought bids for the JPY loan, which is to be raised through External Commercial Borrowing route.

According to a bid document, the term loan would be for USD 150 million with green shoe option of USD 600 million.

It also stated that the proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/Rupee loan availed domestically for CAPEX (capital expenditure) etc.

The last date for submission of bids is March 1, 2023 and proposals would be opened the same day.

NTPC is the largest power generating company in India. It occupies a dominant position in the domestic power sector with presence in the entire value chain of the power generation business.

In a BSE filing, it stated that consequent upon successful commissioning, third part capacity of 50 MW out of 300 MW Nokhra Solar PV Project at Bikaner, Rajasthan, is declared on Commercial Operation with effect from February 16, 2023.

The first part capacity of 100 MW has already been declared on commercial operation with effect from December 20, 2022 and second part capacity of 50 MW with effect from December 30, 2022.

With this, it stated that standalone installed and commercial (power generation) capacity of the NTPC will become 58,979 MW & 58,319 MW respectively, while group installed and commercial capacity of NTPC (along with joint ventures and arms) will become 71,594 MW & 70,934 MW respectively.

(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 digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :NTPCJapanYen

First Published: Feb 15 2023 | 7:53 PM IST

Next Story