OPTCL Secures Rs 1,685 Crore NABARD Loan to Strengthen Odisha’s Power Infrastructure
In a landmark move for Odisha’s energy sector, the Odisha Power Transmission Corporation Limited (OPTCL) has signed a long-term loan agreement worth Rs 1,685.27 crore with the National Bank for Agriculture and Rural Development (NABARD).
This marks NABARD’s first-ever direct project financing to a State Public Sector Undertaking (PSU) in Odisha.
The financing will be split between new transmission projects and debt swapping.
Of the sanctioned amount, Rs 900 crore will be invested in fresh transmission infrastructure, while the remaining funds will replace high-cost borrowings, enabling OPTCL to achieve significant interest savings.
The loan carries an attractive interest rate of 7.75% per annum, making it one of the most cost-effective funding arrangements secured by OPTCL in recent years.
The agreement was exchanged in the presence of Deputy Chief Minister (Energy) Kanak Vardhan Singh Deo and OPTCL CMD Bhaskar Jyoti Sarma.
Officials hailed the partnership as a “game-changer” for Odisha’s industrial growth, ensuring reliable and quality power supply to households and industries across the state.
This strategic tie-up is expected to fast-track critical transmission projects and support Odisha’s booming industrial ecosystem with robust, future-ready power infrastructure.
