NTPC signs term loan of Rs 5,000 cr with SBI

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.

Update: 2019-12-07 09:46 GMT

Regional executive director, south, NTPC, Naresh Anand congratulated the NTPC team on achieving the milestone. He stated that NTPC Southern Region was augmenting the renewable energy capacity with the addition of the first part of the Ettayapuram plant. (File Photo)

New Delhi: Power generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore was signed with State Bank of India (SBI).

The loan facility has been extended at an interest rate linked to 3-month MCLR (marginal cost of funds-based lending rate) of the bank and has a door-to-door tenure of 15 years, NTPC said in a statement.

The loan will be utilised to part finance the capital expenditure of NTPC, it said.

NTPC signs term loan of Rs 5,000 cr with SBI

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.

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