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 : FinMin Sitharaman exchange views with Bhargav Dasgupta, VP (Market Solutions), ADB
News Must Read
- NSIC received Rs 67 crore LoA from RITES Limited
- BPCL Secures 5th Spot in Business World Real 500
- HPCL Logo declared as a 'Well Known Trademark'
- NTPC announces commercial operation of second unit of North Karanpura Super Thermal Project
- PSU Rail unit bags order from Municipal Corporation of Mumbai City
- HPCL-CSR: Breaking Barriers - A Triumph of Resilience
- NCL launches vendor development program in collaboration with MSME, Rewa
- Good News for LIC Employees; announces 17% wage hike
- IRCON International Ltd received LoA by NHIDCL for major constructions
- EIL celebrates 60th Foundation Day