IRFC declared as L1 bidder for Rs 5,000 crore Rupee Term Loan to NTPC
The loan is intended to support NTPC's ongoing and new capacity addition programs, including the acquisition of projects, development of renewable energy assets, renovation and modernization of existing infrastructure, as well as the refinancing of existing loans. The bidding process took place on April 18, 2025, and IRFC's offer has been accepted by NTPC as per a communication dated April 24, 2025.
In the exchange filing, the company shared, 'IRFC has participated in a bid for RTL of Rs 5000 crore to NTPC for meeting part of capital expenditure for ongoing/new capacity addition program including takeover of project, renewable energy projects , renovation and modernisation program of various projects , refinancing of loans etc. on 18th April 2025. In response to the same, NTPC vide letter dated 24th April 2025 has communicated acceptance of IRFC's offer.'
The finalisation of the loan agreement is subject to standard due diligence procedures, internal approvals from IRFC's Board of Directors, and the mutual agreement on detailed sanction terms with NTPC.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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