NTPC Secures $750 Million ECB Loan to Boost Capacity Expansion and Green Projects

State-run NTPC has raised $750 million via an External Commercial Borrowing (ECB) syndicated term loan to finance its growth initiatives. The loan includes a base issue of $500 million and a greenshoe option of $250 million, with a 10-year door-to-door tenor and 7-year average maturity. 

Bank of Baroda served as the Mandated Lead Arranger and Underwriter for the $500 million tranche, while HDFC Bank acted as the Mandated Lead Arranger and Bookrunner for the additional $250 million. Both banks processed the deal through their IFSC Banking Units in GIFT City, Gandhinagar.

Funds to Support Capex, Renewables, and Refinancing

The ECB proceeds will be deployed to fund capital expenditure across NTPC’s new and existing capacity addition programmes, including flue gas desulphurisation (FGD) systems and renewable energy projects, especially hydro-based initiatives. The facility also allows refinancing of existing ECBs.

Strategic Goals and Global Banking Collaboration

Jaikumar Srinivasan, Director (Finance), NTPC Limited, said, “NTPC is spearheading a transformative expansion of its energy portfolio, with a strategic vision to achieve 60 GW of renewable capacity by 2032 and elevate its total installed capacity from 80 GW to 130 GW+.”

Both Bank of Baroda and HDFC Bank expressed satisfaction in facilitating the transaction, positioning it as a landmark deal that reinforces GIFT City’s role as a global financial hub and demonstrates India’s capacity to handle strategic offshore financing through its IFSC Banking Units.

Read more: NTPC Renewable Energy Secures 1000 MW Solar PPA at ₹2.56/kWh!

NTPC Share Price Performance 

As of June 12, 2025, at 11:30 AM, NTPC share price is trading at ₹338.35 per share, reflecting a surge of 0.074% from the previous day's closing price. Over the past month, the stock has declined by 2.93%. The stock's 52-week high stands at ₹448.45 per share, while its low is ₹292.80 per share.

Conclusion 

The successful ECB transaction highlights NTPC's commitment to sustainable growth and underscores GIFT City’s emerging role as a global financial hub.

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