NTPC Signs 10,000-Crore Term Loan Agreement With SBI

By siliconindia  |  Friday, 16 January 2015, 03:35:28 PM IST

NEW DELHI: Country's largest thermal power producer NTPC has signed a term loan agreement of Rs 10,000 crore with state-run lender SBI for partially funding its capital expenditure.

"NTPC has signed a term loan agreement for Rs 10,000 crore with State Bank of India. The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of the company," NTPC said in a statement.

The loan agreement was signed in the presence of Arup Roy Choudhury , CMD, NTPC , Arundhati Bhattacharya, Chairperson, SBI and K Biswal, Director (Finance) NTPC.

Shares of the company were trading at Rs 140, up 0.54 Pct on the BSE.

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Source: PTI

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