NTPC signs term loan of 1500 Cr with HDFC Bank
NTPC has signed term loan agreement for ₹1500 crore with HDFC Bank Limited on 10th July, 2018. The loan facility is extended at an interest rate linked to 3- months 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. The loan agreement was signed by Shri A.K Gautam, General Manager(Finance), NTPC Ltd and Shri Raveesh Bhatia, Regional Head, Corporate Banking, North, HDFC Bank Ltd in the presence of Shri K. Sreekant, Director (Finance), NTPC Ltd.