Present

Associate Sponsors:

Sector Sponsors:

Moneycontrol
Presents Budget 2019

Associate Sponsors

you are here: HomeNewsBusiness
Last Updated : Feb 11, 2019 05:38 PM IST | Source: PTI

NTPC signs pact with SBI for Rs 5K crore term loan

'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,' a company statement said.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

State-owned power giant NTPC said on Monday that it has signed a term loan agreement for Rs 5,000 crore with State Bank of India Monday.

"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," a company statement said.

The loan agreement was signed by Masood A Ansari, General Manager (Finance), NTPC Ltd and Neelabh Sinha, Dy General Manager, SBI in the presence of Saptarshi Roy, Director (Finance), NTPC Ltd , Sudhir Arya, CFO, NTPC Ltd and Pradeep Kelshikar, General Manager, SBI.
First Published on Feb 11, 2019 05:33 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant