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NTPC Green Energy to Raise Up to Rs. 9,000 Crore Term Loan

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NTPC Green Energy to Raise Up to Rs. 9,000 Crore Term Loan

NTPC Green Energy Ltd. (NGEL), a subsidiary of NTPC, is seeking bids for a term loan of up to ₹9,000 crore in Indian rupees.

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The funds will be used to repay outstanding debt of ₹8,200 crore to NTPC, along with interest, by March 31, 2023, and to cover additional debt liabilities and capex payments for projects yet to achieve full commercial operations.

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Banks and financial institutions may offer loans of at least ₹1,000 crore and in multiples of ₹500 crore thereafter, with the bidding deadline set for March 6, 2023.

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NGEL was established by NTPC in April 2022 to consolidate its renewable energy operations and pursue sustainable energy initiatives.

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