NTPC Ltd.

NTPC’s joint venture company, Meja Utpadan Nigam has inked a loan agreement for Rs 6,608 crore to finance capital expenditure of the power project consisting of two units of 660 mw being set up at Meja near Allahabad, Uttar Pradesh. The proceeds will be utilised partly, in a bid to refinance costlier loan from a consortium of banks and financial institutions. To ease future cash flows, the loan offers extended repayment period.

Meja Utpadan Nigam is a 50:50 JV of NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam.

NTPC is the largest power utility company in India with a total installed capacity of 51,635 MW. Company has presence in Coal , Gas , Solar PV, Hydro and Wind Power Generation and Coal Mining.