NTPC signs Term Loan of ₹5000 crore with State Bank of India
07th Dec, 2019
A term loan agreement for ₹5000 crore was signed with State Bank of India on 06th December, 2019. The loan facility has been extended at an interest rate linked to 3-Month MCLR of the Bank and has a door to door tenure of 15 years. The loan will be utilised to part finance the capital expenditure of NTPC. The loan agreement was signed by Shri Richard S.V.Muthumani, Executive Director (Finance), NTPC Ltd and Shri Pramod Khetwal, Dy. General Manager, State Bank of India in the presence of Shri Aditya Dar, General Manager(Finance), NTPC Ltd and Shri Masood A. Ansari, General Manager(Finance), NTPC Ltd.
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