NTPC signs term loan of Rs 50 billion with State Bank of India
NTPC has signed a term loan agreement for Rs 50 billion with State Bank of India. The loan facility is extended at an interest rate linked to three-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. The loan agreement was signed by Masood A Ansari, General Manager (Finance), NTPC and Neelabh Sinha, General Manager, State Bank of India in the presence of Saptarshi Roy, Director (Finance), NTPC, Sudhir Arya, CFO, NTPC and Pradeep Kelshikar, General Manager, SBI.