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NTPC to borrow $4.5 bn to quadruple capacity

NTPC to borrow $4.5 bn to quadruple capacity
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First Published: Tue, Apr 06 2010. 11 18 PM IST
Updated: Tue, Apr 06 2010. 11 18 PM IST
New Delhi: NTPC Ltd plans to borrow around Rs20,000 crore in this fiscal as it quadruples generation capacity to help reduce blackouts in the country.
“We have tied up almost 70% of our debt needed for this year, primarily with domestic banks and financial institutions,” NTPC chairman R.S. Sharma said on Tuesday. “We will definitely go overseas for borrowings as well and are talking with various bankers.”
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First Published: Tue, Apr 06 2010. 11 18 PM IST