NTPC Secures ₹5,000 Crore Loan from IRFC for Green & Thermal Push

Indian Railway Finance Corporation (IRFC) has emerged as the lowest bidder for a ₹5,000-crore term loan to National Thermal Power Corporation (NTPC), intended to support ongoing and upcoming capacity expansion projects. These include renovation and modernization of NTPC’s existing facilities, as well as investments in renewable energy initiatives. The proposal remains subject to due diligence and approval by NTPC’s Board of Directors. The agreement between IRFC and NTPC was signed on March 25.

Separately, on April 24, NTPC Green Energy Ltd. (NGEL)—a wholly owned subsidiary of NTPC—announced plans to raise ₹5,000 crore through a bond issuance to fund its renewable energy projects. NGEL has partnered with the Oil and Natural Gas Corporation (ONGC) to develop both onshore and offshore wind energy projects and battery energy storage systems. The collaboration also extends to green chemical ventures, including ONGC NTPC Green’s acquisition of Ayana Renewable Power for ₹6,248.50 crore to scale up renewable energy production.

As part of its long-term strategy, NTPC aims to invest ₹1 lakh crore by FY2026–27 to develop 19 GW of renewable energy capacity. In FY2024–25, NTPC added 3.3 GW of renewable capacity and 660 MW of thermal capacity.

News by Rahul Yelligetti.