Loan agreement between NTPC and SBI
08th Jul, 2011
Surging ahead with its capacity expansion plans, NTPC Limited, the largest power utility in the country signed a Loan Agreement of Rs. 10000 crore with State Bank of India in New Delhi. The rupee term loan has a door to door maturity of 12 years with a drawdown period of 4 years. The loan shall be utilised for financing the capital expenditure of its ongoing and new projects.
The Loan Agreement was signed in the presence of Shri Arup Roy Choudhury, CMD, NTPC and his team and Shri Pratip Chaudhuri, Chairman, State Bank of India and senior officials of both the organizations.
This is the single largest loan extended by State Bank of India to any corporate entity in India and abroad. For NTPC also, this is the single largest loan extended by any commercial bank.
NTPC has a present total installed capacity of 34854 MW and plans to be a 128GW company by the year 2032.
The Loan Agreement was signed in the presence of Shri Arup Roy Choudhury, CMD, NTPC and his team and Shri Pratip Chaudhuri, Chairman, State Bank of India. Shri A.K. Singhal, Director (Finance) , NTPC and Shri Diwakar Gupta, Managing Director , SBI are also seen.
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