IRFC Secures Rs.7,500 Crores Financing Deal with NTPC Renewable Energy Limited

In accordance with the SEBI regulations, Indian Railway Finance Corporation Ltd (IRFC) has announced that NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NTPC GEL), has accepted IRFC’s bid for Rs.7,500 crores for financing of Rupee Term Loan (RTL). The proposal is subject to further due diligence and approval of Board of Directors and finalisation of detailed sanctioned terms with NTPC REL. This deal is a significant step in IRFC's financing operations and demonstrates its commitment to supporting renewable energy projects.