Dec 06, 2012, 05.20 PM IST | Source: PTI

NTPC inks pact with J&K Bank for Rs 600cr loan facility

Country's largest power producer NTPC has tied up borrowing facility worth Rs 600 crore with the Jammu & Kashmir Bank, making it the 100th term loan agreement for the company in the last 13 years.

NTPC inks pact with J&K Bank for Rs 600cr loan facility

Country's largest power producer NTPC has tied up borrowing facility worth Rs 600 crore with the Jammu & Kashmir Bank , making it the 100th term loan agreement for the company in the last 13 years. State-run NTPC has been raising debt from Indian banks and financial institutions since November 1999 to meet capital expenditure needs.

Also Read: NTPC to acquire fresh coal mines by Dec: Sources

In a statement, NTPC said it has signed 100th term loan agreement for Rs 600 crore with the Jammu & Kashmir Bank on December 5. "This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC," it added. Since November 1999, NTPC has signed loan agreements of Rs 57,629.35 crore. "Out of these, loan amounting to Rs 41,404.35 crore has already been drawn and utilised," the statement said.

Currently, the power producer has an installed capacity of 39,674 MW and over 16,000 MW capacity is under construction.

NTPC stock price

On April 17, 2014, at 12:45 hrs NTPC was quoting at Rs 121.25, down Rs 1.35, or 1.1 percent. The 52-week high of the share was Rs 162.80 and the 52-week low was Rs 110.90.


The company's trailing 12-month (TTM) EPS was at Rs 14.87 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 8.15. The latest book value of the company is Rs 97.49 per share. At current value, the price-to-book value of the company is 1.24.

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