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THDCIL & Bank of Baroda Signed a Loan Agreement for Rs. 2,500 Crore

Feb 16th, 2023 8:09 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
Rishikesh: 16-02-2023:- THDC India Limited (THDCIL) and Bank of Baroda (BoB) signed a loan agreement of Rs.2,500 crore at THDCIL’s Corporate office in Rishikesh on 16.02.2023. The loan agreement was signed in order to meet the Capital Expenditure (CAPEX) requirement for under-construction projects mainly Khurja Super Thermal Power Project (1320 MW) and Amelia Coal Mine.

The loan was finalized through competitive bidding following open tender. Earlier also THDCIL had availed a Term Loan from the Bank of Baroda for an amount of Rs. 2500 Crores.
The agreement was signed by Ajay Kumar Garg AGM(Finance) on behalf of THDC India Limited and Mithlesh Kumar, DGM, CFS Gurugram on behalf of BOB in the presence of J. Behera, Director (Finance), A. B. Goel, Executive Director (Finance) & other officers of THDC India Limited & Bank of Baroda. Director (Finance), expressed his pleasure and appreciated the efforts of officials of THDCIL and Bank of Baroda for the successful execution of the loan agreement. He also added that it is the extension of business association of THDCIL with BOB which started in the year 2021. The total credit exposure
from Bank of Baroda shall be Rs. 5000 Crore. He further added that THDCIL is expanding its business operations and would require funds to meet CAPEX Plan. THDCIL is one of the premier power generators in the country with installed capacity of 1587 MW with
commissioning of Tehri Dam and HPP (1000 MW), Koteshwar HEP (400 MW) in Uttarakhand, Wind Power Projects of 50 MW at Patan and 63 MW at Dwarka in Gujarat, 24 MW Dhukwan Small Hydro Project, Jhansi, Uttar Pradesh and 50 MW Solar Power Project at Kasaragod, Kerala to its credi

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