IRFC Lends ₹7,500 Cr Term Loan To NTPC REL For RE Projects

NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NTPC GEL), has accepted the Indian Railway Finance Corporation (IRFC) bid of ₹7,500 crores to finance a Rupee Term Loan (RTL). The bid was made in response to the Request for Proposal (RFP) dated January 17, 2025 by NTPC Green

IRFC said in a regulatory filing, “The proposal is subject to further due diligence, approval from the Board of Directors, and finalization of the sanctioned terms with NTPC REL.”

NTPC REL’s Expanding Renewable Energy Investments

NTPC REL has been steadily increasing its investments in renewable energy. The company recently signed a Share Purchase Agreement with ONGPL to acquire a 100% stake in Ayana Renewable Power. In a regulatory filing, the company stated, “ONGC NTPC Green Private Limited (ONGPL), a 50:50 joint venture between ONGC Green Limited (OGL) and NTPC Green Energy Limited (NGEL), has signed a Share Purchase Agreement (SPA) with the National Investment and Infrastructure Fund (NIIF), BII South Asia Renewables Limited, British International Investment Plc (BII), and Eversource Capital to acquire a 100% equity stake in Ayana Renewable Power Private Limited (Ayana) for an enterprise value of INR 195 billion (USD 2.3 billion).”

NTPC REL has also been actively signing agreements to increase its renewable energy footprint. Just in February, the company incorporated “AP NGEL HARIT AMRIT LIMITED,” a joint venture between NTPC Green Energy Limited and the New & Renewable Energy Development Corporation of Andhra Pradesh Limited, a Government of Andhra Pradesh undertaking.

In a regulatory filing, the company explained, “This initiative aims to develop renewable energy projects, including solar, wind, and hybrid systems, with or without storage, up to 25 GW capacity. It also plans to develop pumped hydro projects with a total capacity of up to 10 GW at identified locations across the state.”