NTPC Signs Rupee Term Loan of Rs. 490 Crore

New Delhi, June 15 : NTPC has signed a term loan agreement for Rs. 490 crore with Central Bank of India in New Delhi.

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 facility has been extended at the Base Rate of the Bank, which is the bare minimum rate at which a bank can lend.

The agreement was signed by Sangeeta Bhatia, General Manager, NTPC and V. Sreenivasan, DGM, Central Bank of India in the presence of G.K. Sadhu, Executive Director (Finance), NTPC and other officials of NTPC and Central Bank of India.