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NTPC signs term loan of Rs 5,000 crore with State Bank of India

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Agreement, Loan, NTPC, SBI, State Bank of India, Energy, News

NTPC has signed a term loan agreement for Rs 5,000 crore with State Bank of India (SBI) on 11th February, 2019. The loan facility is extended at an interest rate linked to 3-month 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 Masood Ansari, GM (finance), NTPC, and Neelabh Sinha, deputy GM, State Bank of India, in the presence of Saptarshi Roy, director (finance), NTPC, Sudhir Arya, CFO, NTPC, and Pradeep Kelshikar, GM, SBI.

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