NTPC signs Rs 500 crore term-loan agreement with SBBJ
NEW DELHI . NTPC has signed an agreement with State Bank of Bikaner & Jaipur for a term loan of Rs 500 crore to fund expansion. "The loan facility is extended at the base rate of the bank, which is the bare minimum rate at which a bank can lend the loan," the company said in a statement. State Bank of Bikaner & Jaipur has a base rate of 10.25 percent, according to its website. The loan has a tenure of 15 years and will be used to part-finance capital expenditure, NTPC said. State-owned NTPC has an installed capacity of 42,964 MW, including plants operated through joint ventures and three renewable energy projects. The company plans to invest Rs 1.5 lakh crore in the five-year period ending March 2017. Shares of NTPC closed at Rs 114, up 0.13 per cent, on the BSE today. Also Read: NTPC to set up Rs 17K cr power project in Madhya Pradesh NTPC stock price MOney control..com
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