Indian Railway Finance Corporation (IRFC) has entered into a loan agreement with NTPC Renewable Energy Limited (NTPC REL) on March 25, 2025, for a Rupee Term Loan (RTL) worth ₹5,000 crore. NTPC REL, a wholly owned subsidiary of NTPC Green Energy Limited (NTPC GEL), will use the funds to finance its ongoing and new capacity expansion projects. Additionally, the loan will support the refinancing of existing debts.
The agreement aims to strengthen NTPC REL’s renewable energy initiatives, aligning with India’s push for clean energy and sustainability. This financial support is expected to facilitate significant progress in the renewable sector by enhancing green energy infrastructure.
As per the terms of the agreement, the loan is unsecured, though a negative lien will be provided with certain exceptions. While the loan has been sanctioned, the disbursement is yet to take place. Notably, IRFC holds no shareholding in NTPC REL, and the agreement does not fall under related-party transactions.
