NTPC Ltd. has taken a Rs 5,000 crore loan from Indian Railway Finance Corporation to finance part of its capital expenditure for ongoing and new capacity addition program.
The loan will also be used for "takeover of project, renewable energy projects, renovation and modernisation program of various projects, refinancing of loans etc.," according to an exchange filing on Friday.
The offer was made on April 18, 2025 and is subject to approval of board of directors and finalisation of detailed sanctioned terms with NTPC, as per the filing.
NTPC Renewable, a subsidiary of NTPC Green Energy had also entered into a rupee term loan deal of the same amount with IRFC in March. NTPC Renewable's loan pact with IRFC was announced after the parent firm, NTPC Green, received approval from Rajasthan Renewable Energy Corp. to start work on the last phase of the 320-megawatt Bhainsara Solar PV Project in Jaisalmer.
IRFC Share Price
Shares of IRFC fell as much as 5.4% to Rs 126.22 apiece, the lowest level since April 15, 2025. They pared losses to trade 3.27% lower at Rs 129.06 apiece, as of 3:04 p.m. This compares to a 0.71% decline in the NSE Nifty 50.
The stock has fallen 13.35% year-to-date, and is down 14.04% in the last 12 months. The relative strength index was at 44.46.
The only analyst tracking the company maintains a 'sell' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 61.2%.
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