\"The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank\", said a company statement.
NTPC Ltd, India's largest electricity producer, plans to raise USD 150 million in foreign currency term loan to finance its capital expenditure, according to a company document.
New Delhi: State-owned power giant NTPC said Monday that it has signed a term loan agreement for Rs 5,000 crore with State Bank of India on 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.
( Source : PTI )
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