PSU stocks in focus: IRFC to lend ₹5,000 crore to NTPC Renewable Energy; shares edge higher | Stock Market News
Source: Live Mint
Stock Market Today: PSU stocks Indian Railway Finance Corporation Ltd remains in focus as will lend ₹5,000 crore to NTPC Renewable Energy. The IRFC and NTPC Renewable energy shares edged higher
Indian Railway Finance Corporation Ltd or IRFC announced on the exchanges having entered into a loan agreement on 25th March, 2025 with NTPC Renewable Energy Limited.
IRFC’s Loan Agreement details
NTPC Renewable Energy Limited. is a wholly owned subsidiary of NTPC Green Energy Limited . IRFC announced that the agreement is for the financing of a Rupee Term Loan of Rs. 5,000 Crore (Rupees Five Thousand Crore Only), as per NTPC Renewable Energy Limited board’s approval.
The Purpose of entering into the agreement for financing by Indian Railway Finance Corporation or IRFC with NTPC Renewable Energy is that NTPC Renewable Energy will be meeting part of capital expenditure for ongoing or new capacity addition being undertaken by the Borrower including refinancing of loans, etc
in Short while the Borrower: Company is NTPC Renewable Energy Limited, the Lender: Company is Indian Railway Finance Corporation Limited
Nature of the Loan is Rupee Term Loan and Total amount of the Loan granted stands at ₹5000 Crore
IRFC share price movement
IRFC share price opened at ₹130.10 on the BSE on Thursday and at the time of opening was slightly higher than the previous days close of ₹129.40. The IRFC share price thereafter gained further to intraday high of ₹131.30 amidst weak markets
IRFC share price that had dipped to 52 week or 1 year lows of ₹108.05 has been rebounding well. The recent rebound in the market while also helped however IRFC had announced an interim dividend too
The Board of Directors of the Company on 17 March considered and approved an interim dividend of ₹0.30 per equity share of face value of ₹10 each.
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