The syndicated term loan facility was arranged and underwritten by Bank of Baroda, acting as the lead arranger. The funds will be channelled into NTPC’s capacity expansion programmes, which include both ongoing and upcoming projects.
According to a joint statement, the loan proceeds will primarily support capital expenditure on flue gas desulphurisation systems and renewable energy projects, including hydro-based initiatives. Additionally, the funds may be used to refinance existing ECBs, provided the utilisation aligns with the Reserve Bank of India’s ECB Guidelines.