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NTPC inks foreign currency loan agreement with JBIC

29 Oct 2020 Evaluate

NTPC has entered into foreign currency loan agreement with Japan Bank for International Cooperation (JBIC) for JPY 50 billion (approximately $480 million or Rs 3,500 crore). As per the agreement, JBIC will provide 60 percent of the loan amount and the balance will be extended by commercial banks namely Sumitomo Mitsui Banking Corporation, Bank of Yokohama, San-In Godo Bank, Joyo Bank and Nanto Bank, under the JBIC guarantee.

The facility is extended under JBIC's Global Action for Reconciling Economic growth and Environment preservation (GREEN) for projects which ensure conservation of global environment. The loan proceeds shall be utilized by the company for funding its capital expenditure (capex) for Flue Gas Desulphurization (FGD) and renewable energy projects.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining

NTPC Share Price

394.70 -4.00 (-1.00%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 394.70
Tata Power 443.00
Adani Power 229.10
Power Grid Corp 315.75
Torrent Power 1733.45
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