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NTPC signs Term Loan of 5000 Cr with SBI

NTPC

NTPC signed  a term loan agreement for ₹5000 crore with State Bank of India today 11th February, 2019. 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. The loan agreement was signed by Shri Masood A Ansari, General Manager (Finance), NTPC Ltd and Shri Neelabh Sinha, Dy General Manager, State Bank of India in the presence of Shri Saptarshi Roy, Director (Finance), NTPC Ltd , Shri Sudhir Arya, C.F.O, NTPC Ltd and Shri Pradeep Kelshikar, General Manager, SBI.

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