NTPC Renewable Energy Limited (NTPC REL) has accepted Indian Railway Finance Corporation’s (IRFC) ₹7,500 crore bid to finance a Rupee Term Loan, subject to approvals. NTPC REL is expanding its Renewable Energy portfolio, acquiring Ayana Renewable Power for ₹19,500 crore. It also launched a Joint Venture in Andhra Pradesh to develop 25 GW of Renewable Energy and 10 GW of pumped hydro projects.
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