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NTPC signs Term Loan of ₹1500 crore with HDFC Bank

Jul 13th, 2018 4:07 pm | By | Category: LATEST NEWS

NTPC plant
(THE NEWSMAN OF INDIA.COM)
NTPC has signed term loan agreement for ₹1500 crore with HDFC Bank Limited on 10th July, 2018. The loan facility is extended at an interest rate linked to 3- months MCLR of the Bank. This 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 A.K Gautam, General Manager(Finance), NTPC Ltd and Raveesh Bhatia, Regional Head, Corporate Banking, North, HDFC Bank Ltd in the presence of K. Sreekant, Director (Finance), NTPC Ltd.

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