IRFC Emerges as L1 Bidder for Rs 5000 Crore Rupee Term Loan to NTPC

Indian Railway Finance Corporation Ltd (IRFC) has emerged as the L1 bidder for a Rs 5000 crore Rupee Term Loan (RTL) to NTPC. The loan is intended to meet part of the capital expenditure for ongoing and new capacity addition programs, including takeover of projects, renewable energy projects, renovation and modernization programs of various projects, refinancing of loans, and others. The bid was submitted on 18th April 2025 and NTPC accepted IRFC's offer on 24th April 2025. However, the proposal is still subject to further due diligence, approval of the Board of Directors, and finalization of detailed sanctioned terms with NTPC.