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

By: |
December 7, 2019 4:34 PM

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank.

ntpc, sbiThe loan will be utilised to part finance the capital expenditure of NTP

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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1RBI provides Rs 50,000-crore liquidity for extending Covid-19 loans to healthcare
2Loan recasts: Small borrowers get fresh relief from RBI
3Yes Bank expects 15% loan growth in FY22: Prashant Kumar, managing director and chief executive officer