NTPC, India’s largest power generating company, has signed term loan agreement for Rs 1,500 crore with HDFC Bank Limited on 10th July, 2018 for its various projects. The loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC and has been extended at an interest rate linked to 3-months Marginal Cost of funds based Lending rate (MCLR) of the bank.
The loan agreement was signed was signed in the presence of A K Gautam, General Manager (Finance), NTPC, Raveesh Bhatia, Regional Head, Corporate Banking, North, HDFC Bank and K Sreekant, Director (Finance), NTPC. The proceeds of the facility will be utilised to finance capital expenditure on the company’s ongoing and new projects, and in the renovation and modernization of stations.
