IRFC emerged as lowest bidder for ₹5000 crore term-loan to NTPC
Stock Market Today: Indian Railway Finance Corporation Ltd or IRFC has emerged as lowest bidder for ₹ 5000 crore term-loan to NTPC as per the intimation to the exchanges on Friday 25 April 2025
The Indian Railway Finance Corporation Ltd or IRFC intimated the National Stock Exchange of India Ltd and the Bombay Stock Exchange Ltd on Friday about IRFC emerging as L1 bidder for ₹ 5000 crore Rupee Term Loan to NTPC
As per the IRFC release it had participated in a bid for RTL (Rupee Term Loan) of ₹ 5000 crore to NTPC for meeting part of capital expenditure for ongoing and new capacity addition program including takeover of project, renewable energy projects , renovation and modernisation program of various projects , refinancing of loans etc. on 18th April 2025.
It is in response to the same that NTPC vide letter dated 24th April 2025 has communicated acceptance of IRFC's offer.
However IRFC said that the proposal is subject to further due diligence and approval of Board of Directors and finalisation of detailed sanctioned terms with NTPC
Indian Railway Finance Corporation Ltd or IRFC had informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/04/2025 , to consider and approve the Audited Financial Results for the quarter and financial year ended 31st March, 2025 and other financial statements namely Cash Flow Statement and Statement of Assets and Liabilities for the year ended 31st March, 2025. The Board meeting will also consider approval of Market Borrowing programmed of the company for the Financial Year 2025-26.
IRFC share price opened at ₹ 133.90 on the BSE on Thursday and at the time of opening, the IRFC share price was higher than the previous day's closing price of ₹ 133.40. IRFC share price thereafter gained to intraday highs of ₹ 134.50, though it could not sustain the intra day high levels on Friday amid weak markets as stock market crashed
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
30 minutes ago
- Time of India
NTPC Group installed capacity stands at 80,265 MW post commissioning of 110.25 MW solar supply
Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project . In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd , a wholly-owned subsidiary of NTPC Green Energy , is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
Time of India
3 hours ago
- Time of India
NTPC Group installed capacity stands at 80,265 MW post commissioning of 110.25 MW solar supply
Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project . In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd , a wholly-owned subsidiary of NTPC Green Energy , is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct Shopping From Adidas Franchise Store, Up To 50% Off Original Adidas Shop Now Undo With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
NTPC hits 80,265 MW capacity after commissioning 110 MW Khavda project
In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project Power giant NTPC on Friday said its group installed generation capacity stood at 80,265 MW after its step-down arm NTPC Renewable Energy began 110.25 MW commercial supply from 1255 MW Khavda solar project. In a regulatory filing, the company said consequent upon successful commissioning, first part capacity of 110.25 MW out of 1255 MW Khavda-I Solar PV Project of NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy, is declared on Commercial Operation "w.e.f. 00:00 Hrs. of June 6, 2025". NTPC Green Energy is a subsidiary of NTPC Ltd. With this, the total installed and commercial capacity of the NTPC group stood at 80,265 MW, the filing said.
