Archive · 11 Jun 2025
NTPC Raises $750M via ECB to Fund Expansion
NTPC, a large power company, borrowed $750 million from outside the country through an External Commercial Borrowing (ECB).
The deal was made with the help of Bank of Baroda and HDFC Bank in GIFT City, India.
The money will be used to fund new power projects including those using renewable energy sources and to refinance existing loans.
NTPC plans to expand its renewable energy capacity to 60 GW by 2032.
NTPC secured a $750 million External Commercial Borrowing (ECB) facility.
The loan has a 10-year term with an average maturity of 7 years.
Bank of Baroda and HDFC Bank facilitated the deal in GIFT City.
Funds will finance capital expenditures for capacity additions and refinancing of existing ECB.
NTPC aims to achieve 60 GW of renewable capacity by 2032.
- Who
- NTPC
- What
- NTPC raised $750 million via an ECB.
- When
- June 11, 2025 (publication date)
- Where
- GIFT City, Gandhinagar
- Why
- To finance capital expenditure for capacity additions and refinance existing ECB.
- Company
- NTPC
- Loan Type
- External Commercial Borrowing (ECB)
- Amount
- $750 million
- Tenor
- 10 years (door-to-door)
- Average Maturity
- 7 years
- Location
- GIFT City, Gandhinagar
- Banks Involved
- Bank of Baroda, HDFC Bank
