NTPC signs pact with SBI for Rs 5000 cr term loan
\"The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank\", said a company statement.
By : DC Correspondent
Update: 2019-02-11 12:06 GMT
New Delhi: State-owned power giant NTPC said Monday that it has signed a term loan agreement for Rs 5,000 crore with State Bank of India on Monday.
"The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC," a company statement said.
The loan agreement was signed by Masood A Ansari, General Manager (Finance), NTPC Ltd and Neelabh Sinha, Dy General Manager, SBI in the presence of Saptarshi Roy, Director (Finance), NTPC Ltd , Sudhir Arya, CFO, NTPC Ltd and Pradeep Kelshikar, General Manager, SBI.