 "Green energy arm of NTPC to raise Rs 2,100 crore through term loan")
NTPC Renewable Energy (NTPC REL) is raising a term loan of Rs 2,100 crore and will tie-up working capital facility of Rs 700 crore to finance projects. Its parent NTPC has set a target of achieving 32 Gw renewable energy capacity by 2030.
The debt tie-up for the existing projects is underway, while equity would be infused by NTPC. The company has already received equity of Rs 300 crore from the total committed equity of Rs 4,000 crore from the parent. NTPC REL would fund the projects in a debt to equity ratio of 4:1.
NTPC REL is
The debt tie-up for the existing projects is underway, while equity would be infused by NTPC. The company has already received equity of Rs 300 crore from the total committed equity of Rs 4,000 crore from the parent. NTPC REL would fund the projects in a debt to equity ratio of 4:1.
NTPC REL is
