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.
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.
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.
NGEL was established by NTPC in April 2022 to consolidate its renewable energy operations and pursue sustainable energy initiatives.
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 has called for bids to raise up to Rs 9,000 crore in a term loan, to pay off existing debt and fund additional projects, with a minimum offer of Rs 1,000 crore from banks and financial institutions. The bid submission deadline is March 6, 2023.){kind=link}