NTPC signs pact with SBI for Rs 5000 cr term loan

PTI
Published Feb 11, 2019, 5:36 pm IST
Updated Feb 11, 2019, 5:36 pm IST
"The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank", said a company statement.
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. (Photo: File)
 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. (Photo: File)

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.

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Location: India, Delhi, New Delhi




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