NTPC Ltd.

NTPC has raised $750 million through External Commercial Borrowing (ECB) to fund its business expansion. Bank of Baroda acted as the lead arranger and underwriter of the syndicated term loan facility.

The proceeds of the facility will be utilised towards financing of NTPC's capital expenditure for existing or new capacity addition programmes. The capex includes flue gas desulphurisation projects, and renewable energy projects (including hydro-based projects). Besides, it can be used for refinancing of existing External Commercial Borrowing for capital expenditure purposes to the extent the same is in compliance with the end-use or other requirements. 

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