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

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