Indian Bureaucracy PSU News | A term loan agreement for ₹2000 crore was signed with Canara Bank on 5th April, 2019. The loan facility extended at an interest rate linked to 3-Month MCLR of the Canara Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. The loan agreement was signed by Shri AK Gautam ED(Finance), NTPC Ltd and Shri Amit Garg, Chief Manager, Canara Bank in the presence of Shri Sudhir Arya, CFO NTPC Ltd. and Shri S Ramasubramanian DGM, Canara Bank.
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