The 15-year loan will bear an interest rate linked to 3-months MCLR of the bank.
HDFC Bank is a major player in India's banking sector. (Photo: PTI)
New Delhi: NTPC, India's largest electricity generating company, today said it has signed a term loan agreement with HDFC Bank for availing a loan of Rs 1,500 crore.
The 15-year loan will bear an interest rate linked to 3-months MCLR of the bank, the company said in a statement.
"This loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC," it said.
The loan agreement was signed by NTPC General Manager (Finance) A K Gautam and HDFC Bank Regional Head for Corporate Banking Raveesh Bhatia on July 10.
( Source : PTI )
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