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MoU signed between OPTCL & NABARD for a strategic financial partnership

in State News December 11, 2025 Comments Off on MoU signed between OPTCL & NABARD for a strategic financial partnership 434 Views

– First-ever project financing by NABARD to any state PSU in Odisha

Bhubaneswar-10/12/2025:A significant milestone was achieved today with the signing of a Long-Term Loan Agreement by OPTCL with NABARD for the development of power infrastructure in Odisha. This strategic financial partnership aims to ensure quality and reliable power supply for upcoming industries as well as consumers across the state

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

The ceremony was graced by Hon’ble Deputy Chief Minister, Agriculture & Farmers’ Empowerment, Energy, Shri Kanak Vardhan Singh Deo and Shri Bhaskar Jyoti Sarma, CMD, OPTCL who appreciated the collaborative efforts aimed at strengthening Odisha’s power infrastructure.

The agreement was formally exchanged between Shri S. K. Sahoo, Director (Finance), OPTCL, and Shri V. K. Nag, General Manager, Odisha Regional Office, NABARD. Other functional Directors of OPTCL, senior officials of OPTCL, & NABARD were also present on the occasion. This partnership is expected to accelerate the execution of critical transmission infrastructure and support the state’s growing industrial and economic landscape
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About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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