NTPC SIGNS RUPEE TERM LOAN OF RS. 490 CRORE
14th Jun, 2013
NTPC has signed a term loan agreement for Rs. 490 crore with Central Bank of India in New Delhi.
The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. 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.
The agreement was signed by Smt. Sangeeta Bhatia, General Manager, NTPC and Shri V. Sreenivasan, DGM, Central Bank of India in the presence of Shri G.K. Sadhu, Executive Director (Finance), NTPC and other officials of NTPC and Central Bank of India.
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