MOU
NTPC Signed Term Loan of Rs. 5000 Crore with State Bank of India
New Delhi: NTPC Limited, has signed a term loan agreement for Rs. 5000 crore with State Bank of India today 11th February 2019. The loan facility is extended at an interest rate linked to 3-Month Marginal Cost of Funds based Lending Rate (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.
Read Also : NTPC Barauni Launches 'Bindaas Bol' Program to Empower Students through Conversational English Skills
News Must Read
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area