Bhubaneswar: A significant milestone was achieved today with the signing of a Long-Term Loan Agreement between OPTCL and NABARD for the development of power infrastructure in Odisha. This strategic financial partnership aims to ensure a reliable and high-quality power supply for upcoming industries as well as consumers across the state.

Under the agreement, NABARD has extended a loan of Rs 1,685.27 crore to OPTCL at an attractive interest rate of 7.75% per annum. Of the total loan amount, Rs 900 crore will be utilized for new transmission projects, while the remaining funds will be used to swap existing high-cost loans. This initiative marks the first-ever project financing by NABARD to any State PSU in Odisha, making it a landmark development in the state’s power sector.

The ceremony w

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