https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

NTPC Raises USD 750 Million ECB Loan to Power Green Growth; Deal Executed via GIFT City – All Details Inside

Bank of Baroda acted as the Mandated Lead Arranger and Underwriter for the base issue, while HDFC Bank served as the Mandated Lead Arranger and Bookrunner for the greenshoe tranche
Indian Masterminds Stories

NTPC Limited, India’s largest power utility and a Maharatna PSU, has signed a Facility Agreement to raise an unsecured External Commercial Borrowing (ECB) Syndicated Term Loan of USD 750 million. The agreement includes a base issue of USD 500 million and a greenshoe option of USD 250 million, with a door-to-door tenor of 10 years and average maturity of 7 years.

Also Read: From SAIL to NALCO: Abhay Kumar Behuria Appointed Director (Finance), Brings Decades of PSU Leadership – Know More About Him

Bank of Baroda acted as the Mandated Lead Arranger and Underwriter for the base issue, while HDFC Bank served as the Mandated Lead Arranger and Bookrunner for the greenshoe tranche. The deal was executed through the IFSC Banking Units (IBUs) of both banks in GIFT City, Gandhinagar—India’s rising global financial hub.

The funds will be used to support NTPC’s capital expenditure across a range of initiatives, including capacity expansion, flue gas desulphurisation projects, and renewable energy ventures such as hydro-based power. A portion may also be used to refinance existing ECBs in accordance with RBI guidelines.

NTPC’s Director (Finance), Mr. Jaikumar Srinivasan, said the company is pursuing an ambitious goal to scale its renewable energy capacity to 60 GW by 2032, aiming to raise its total installed power capacity from 80 GW to over 130 GW.

Bank of Baroda’s Executive Director Mr. Lalit Tyagi and HDFC Bank’s Senior VP Mr. Ashutosh Kumar highlighted the significance of the transaction in reinforcing GIFT City’s role as a premier destination for offshore financing, and expressed pride in partnering with NTPC on this milestone initiative.

With the Bank of Baroda’s IBU already handling over USD 10 billion in business as of March 2025, this landmark ECB transaction reaffirms GIFT City’s emergence as a strategic platform for India’s infrastructure and energy financing.

NTPC

NTPC Limited, a central Public Sector Undertaking under the ownership of the Ministry of Power, Government of India, is India’s largest energy conglomerate. Headquartered in New Delhi, the company is at the forefront of power generation and energy transformation in the country, operating a mix of coal, gas, solar, wind, and hydro power stations.

Also Read: RITES Secures $2.9 Million International Contract from Guyana’s Ministry of Public Works for Road Project Supervision – Details Inside


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Delhi High Court
Delhi HC Orders Preservation of Digital Records in IAS Officer’s Harassment Case
Uttar Pradesh govt
IAS Alok Kumar Appointed Additional Chief Secretary of Uttar Pradesh
sanjiv
Show-Cause Notice to IFS Officer Over Alleged Eco-Hut Scam in Munsyari
ias assoc-1
S Krishnan Elected President of Central IAS Association; Key Officers Named
UP Police
UP Government Assigns First Field Postings to 22 IPS Officers
Uttar Pradesh UP Government
DoPT Clears Promotion of 22 UP PCS Officers to IAS
crof
CRPF a Pillar of Internal Security, Says PM Modi on 87th Raising Day
Panna Tiger Reserve PTR
Uttarakhand Gears Up for Tiger Census, Scientific Survey to Begin in October
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-07-26 at 13.16
What Most Indians Don't Know About Jim Corbett
WhatsApp Image 2025-07-24 at 18.24
How Fireflies and Butterflies Returned In Corbett’s Homeland
Chhoti haldwani
The Forgotten Village of Jim Corbett Comes Alive Again
ADVERTISEMENT
UPSC Stories
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
pulkit bansal new
How a Village Shifted Dr. Pulkit Bansal’s Stethoscope to a Sarkari File
From AIIMS Delhi to AIR 155 in UPSC, Dr Pulkit Bansal’s village posting turned a doctor’s stethoscope...
Social Media
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
Kashish Mittal ex IAS
Ex-IAS Officer Kashish Mittal’s Soulful Rendition of ‘Unke Andaz-e-Karam’ Goes Viral
Former IAS Officer and IIT Delhi Graduate Wins Hearts with Nusrat Fateh Ali Khan Cover
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Delhi High Court
Delhi HC Orders Preservation of Digital Records in IAS Officer’s Harassment Case
WhatsApp Image 2025-07-26 at 15.37
IAS T Vijay Kumar, The Man Who Chose to Heal the Soil
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-07-26 at 13.16
WhatsApp Image 2025-07-24 at 18.24
Chhoti haldwani
ADVERTISEMENT
ADVERTISEMENT