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NTPC’s arm signs green term loan agreement with Bank of India

01 Oct 2021 Evaluate

NTPC’s arm NTPC Renewable Energy (NTPC REL) has signed its first Green Term Loan agreement of Rs 500 crore at a very competitive rate with a tenor of 15 years with Bank of India on September 29, 2021 for its 470 MW solar project in Rajasthan and 200 MW solar project in Gujarat. A green loan is a type of loan instrument that enables borrowers to finance projects that have an environmental impact.

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.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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