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NTPC to receive largest ever loan facility from SBI

14th May, 2009

NTPC Limited and State Bank of India signed a loan agreement for Rs. 8500 crore, largest ever loan facility from SBI in New Delhi today. The loan has a door to door tenor of 10 years and the interest rate is linked to SBAR (State Bank Advance Rate). The agreement was signed by Shri M. Sinhamahapatra, General Manager (Finance), NTPC and Shri R.K.Singhala, AGM, SBI in the august presence of Shri H.G. Contractor, Dy. Managing Director & Group Executive (Corporate Banking), SBI and Shri A.K Singhal Director, Finance, NTPC.

The loan shall be drawn down over a period of three years and shall be used for a basket of NTPC projects in pipeline.

NTPC incurred highest ever capital expenditure of Rs.126,865 million during 2008-09, 44.96% higher than the previous year's Rs.87,519 million in 2008-09. NTPC’s approved outlay for 2009-10 for capital schemes is Rs.177,000 million. In addition, JVs and subsidiaries are expected to incur capital expenditure of about Rs 68,258 million. The total capital outlay for Group NTPC is around Rs. Rs.245,258 million, an increase of 61.53% over the last year.

NTPC to receive largest ever loan facility from SBI

Shri H.G. Contractor, Dy. Managing Director & Group Executive (Corporate Banking), SBI and Shri A.K Singhal Director, Finance, NTPC exchanging documents of a loan agreement for Rs. 8500 crore, the largest ever loan facility from SBI in New Delhi. The loan agreement was signed by Shri M. Sinhamahapatra, General Manager (Finance), NTPC and Shri R.K.Singhala, AGM, SBI The loan has a door to door tenor of 10 years and the interest rate is linked to SBAR (State Bank Advance Rate).


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