NTPC REL Accepts IRFC’s INR 7,500 Crore Loan Bid for Rupee Term Loan Financing

NTPC Renewable Energy Ltd. (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Ltd. (NTPC GEL), has accepted Indian Railway Finance Corporation’s (IRFC) bid for INR 7,500 crore to finance a Rupee Term Loan (RTL).

The bid was submitted in response to the Request for Proposal (RFP) issued on January 17, 2025. The funding is expected to support NTPC REL’s renewable energy projects under its expansion plans.

In its filing, IRFC stated that the proposal is subject to further due diligence, approval from IRFC’s Board of Directors, and finalisation of sanctioned terms with NTPC REL.

IRFC’s role in financing key infrastructure and renewable energy projects aligns with India’s push toward sustainable energy growth. The development marks a significant step in the collaboration between IRFC and NTPC Group in accelerating India’s renewable energy transition.