NTPC Signed Loan Agreement with HDFC Bank

New Delhi: NTPC Limited, has signed a term loan agreement for Rs. 2500 Crore with HDFC Bank Limited on 4th February 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.

 

This loan agreement was signed by Shri A. K Gautam, Executive Director (Finance), NTPC Ltd and Shri Raveesh Bhatia, Regional Head, Corporate Banking, HDFC Bank Ltd in the presence of Shri Saptarshi Roy, Director (HR & Finance), NTPC; Shri Sudhir Arya, C.F.O,NTPC and Shri Rahul Shukla, Group Head, Corporate Banking, HDFC Bank Limited.