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NTPC signs term loan of Rs 5,000 cr with SBI

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

PTI|
Updated: Dec 07, 2019, 03.35 PM IST
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NEW DELHI: Power generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore 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.

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