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NTPC Signs Term Loan Of Rs 5,000 Cr With SBI

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years.

Photo Credit :

1575730569_CdDMiF_NTPC_Simhadri_Super_thermal_power_plant.jpg

Power generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore was signed with State Bank of India (SBI).

The loan facility has been extended at an interest rate linked to 3-month MCLR (marginal cost of funds-based lending rate) of the bank and has a door-to-door tenure of 15 years, NTPC said in a statement.

The loan will be utilised to part finance the capital expenditure of NTPC, it said.

(PTI)