₹1,650 crore, for NTPC Ltd and NTPC Renewables Energy Limited (NREL). JBIC has provided 60% of the facility amount.
The balance has been provided by other commercial banks under JBIC guarantee. The facility has been extended under JBIC’s initiative ‘Global Action for Reconciling Economic Growth and Environment Preservation’ for projects that ensure conservation of global environment.
At 1.30 pm, shares of NTPC were at ₹356.70, up 0.65% from its previous close on the BSE in a positive market. The company on Sunday said it aims to produce 40 million tonne of coal from its mines in FY25.
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