 "NTPC")
India’s largest power generating company, state-owned NTPC limited will raise $750 million through external commercial borrowing as term loan to fund its expansion plans in the renewable energy and coal mining businesses.
The company floated a ‘request for proposal’ (RfP) on Monday. “NTPC Ltd is looking to raise external commercial borrowing (ECB) in the form of term loan amounting to $500 million plus green shoe option of $250 million,” the RfP said.
The RfP stated, the proceeds from the loan would be utilised towards “capital expenditure for ongoing/new capacity addition programme including renewable energy projects, coal mining & washeries, refinancing
