NTPC REL secures Rs 75 billion loan from IRFC

NTPC Renewable Energy Limited (NTPC REL), an NTPC Green Energy Limited subsidiary, has secured Rs 75 billion in funding from the Indian Railway Finance Corporation (IRFC). This rupee term loan will support NTPC REL’s renewable energy expansion, including solar, wind, and hybrid power projects.

In January 2025, NTPC REL sought bids for up to Rs 200 billion to fund various projects, loan refinancing, and general corporate purposes. The latest funding will contribute to its target of developing 25 GW of renewable energy capacity. The company also plans to build pumped hydro projects with a total capacity of up to 10 GW at identified locations.

Meanwhile, IRFC has also emerged as the lowest bidder to provide Rs 32 billion in funding for Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture between NTPC and Jharkhand Bijli Vitran Nigam. 

This brings IRFC’s total funding commitment to these entities to Rs 107 billion.