Corporate Buzz

15-01-2025 | read 13 Hours ago |

NTPC has signed a lease agreement with Indian Railway Finance Corporation (IRFC) on 15th January for financing 8 BOBRN rakes to be deployed for fuel security at Unchahar station. The rakes will operate under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways. This marks NTPC's first-ever procurement of railway rolling stock on a lease model.

The agreement was signed by Shri B B Narare, CGM(FM&FT), NTPC and Shri Sunil Kumar Goel, GGM (IRFC), in the presence of Ms Shelly Verma, Director (Finance), IRFC and Shri Satish Upadhyay, ED (Biomass & FM), NTPC along with other officials.

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