In a landmark development for Odisha’s power sector, Odisha Power Transmission Corporation Limited (OPTCL) today signed a Long-Term Loan Agreement with the National Bank for Agriculture and Rural Development (NABARD) for ₹1,685.27 crore.
The agreement, described as the first-ever direct project financing by NABARD to any State Public Sector Undertaking in Odisha, will play a pivotal role in strengthening the State’s transmission infrastructure and ensuring reliable, quality power supply to industries and households.
Of the sanctioned amount, ₹900 crore will fund new transmission projects, while the balance will be utilised for swapping existing high-cost borrowings, resulting in substantial interest savings for the state utility.
The loan carries an attractive interest rate of 7.75% per annum, making it one of the most cost-effective funding avenues secured by OPTCL in recent years.
The agreement was exchanged in the presence of Deputy Chief Minister (Energy), Kanak Vardhan Singh Deo, and Bhaskar Jyoti Sarma, CMD, OPTCL. Speaking on the occasion, the Deputy Chief Minister hailed the partnership as a game-changer that will accelerate industrial growth and improve power reliability across Odisha.
S. K. Sahoo, Director (Finance), OPTCL and V. K. Nag, General Manager, Odisha Regional Office, NABARD, formally exchanged the documents. Senior officials from both organisations attended the ceremony.
This strategic tie-up is expected to fast-track critical transmission projects and support Odisha’s booming industrial and economic ecosystem with robust and future-ready power infrastructure.
