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NTPC signs 100th Term Loan of Rs. 600 crore

06th Dec, 2012

To finance the capital expenditure of its projects, NTPC has been raising debt from Indian Banks and FI’s since November 1999 and has signed loan agreements of Rs 57629.35 crore. Out of these, loan amounting to Rs. 41404.35 crore has already been drawn and utilized.

On December 05, 2012, NTPC signed 100th term loan agreement for Rs 600 crore with The Jammu & Kashmir Bank Ltd. The loan facility has been extended at the Base Rate of the Bank, which is the bare minimum rate at which a bank can lend. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. The ceremony was chaired by Shri A.K.Singhal, Director (Finance), NTPC Ltd and Mr Abdul Hamid Banday, President, J&K Bank Ltd.

NTPC is India's largest power utility with an installed capacity of 39,674 MW through 16 coal based, 7 gas / liquid fuel and 7 Joint Venture/ subsidiary power stations. The company presently has over 16000 MW capacity under construction at various locations in the country. NTPC is #1 Independent Power Producer & Energy Trader Globally in 2012 by Platts, a part of the prestigious McGraw Hill Group, in its top 250 Global Energy Companies ranking.

NTPC signs 100th Term Loan

Caption: NTPC signed 100th term loan agreement for Rs 600 crore with The Jammu & Kashmir Bank Ltd. The loan facility is extended at the Base Rate of the Bank, which is the bare minimum rate at which a bank can lend the loan. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. The ceremony was chaired by Shri A.K.Singhal, Director (Finance), NTPC Ltd and Mr Abdul Hamid Banday, President, J&K Bank Ltd.


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