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  Business   Companies  05 Feb 2019  NTPC inks Rs 2,500 crore loan pact with HDFC Bank

NTPC inks Rs 2,500 crore loan pact with HDFC Bank

PTI
Published : Feb 5, 2019, 5:21 pm IST
Updated : Feb 5, 2019, 5:21 pm IST

The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the bank.

The loan pact signed on Monday, has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. (Photo: YouTube)
 The loan pact signed on Monday, has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. (Photo: YouTube)

New Delhi: State-run power giant NTPC on Tuesday said it has signed an agreement with HDFC Bank for a Rs 2,500 crore loan to part finance capital expenditure.

The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the bank, a statement said.

 

According to the statement, the loan pact signed on Monday, 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 A K Gautam, Executive Director (Finance), NTPC and Raveesh Bhatia, Regional Head, Corporate Banking, HDFC Bank in the presence of other officials. 

Tags: ntpc, loan, hdfc bank, mclr
Location: India, Delhi, New Delhi