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  Business   Companies  07 Dec 2019  NTPC signs term loan of Rs 5,000 cr with SBI

NTPC signs term loan of Rs 5,000 cr with SBI

PTI
Published : Dec 7, 2019, 3:16 pm IST
Updated : Dec 7, 2019, 3:16 pm IST

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years.

The loan will be utilised to part finance the capital expenditure of NTPC.
 The loan will be utilised to part finance the capital expenditure of NTPC.

New Delhi: Power generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore was signed with State Bank of India (SBI).

The loan facility has been extended at an interest rate linked to 3-month MCLR (marginal cost of funds-based lending rate) of the bank and has a door-to-door tenure of 15 years, NTPC said in a statement.

 

The loan will be utilised to part finance the capital expenditure of NTPC, it said. 

Tags: ntpc, sbi, loan
Location: India, Delhi, New Delhi