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NTPC’s JV inks two agreements with PNB for Rs 650 crore

Date: 24-06-2019

NTPC’s joint venture (JV) firm -- NSPCL has inked two agreements with Punjab National Bank (PNB) for Rs 650 crore for financing two projects. The agreements are for part financing of two of its under construction projects at Durgapur (2X20 MW) for Rs 100 crore and Rourkela (1X250) for Rs 550 crore.

NSPCL is a joint venture of NTPC and Steel Authority of India (SAIL) that has its power plants at Durgapur, Rourkela and Bhilai.

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.