NTPC signs term loan agreement of Rs 1500 crore with HDFC Bank

The loan facility is extended at an interest rate linked to three months MCLR of the bank

GN Bureau | July 19, 2018


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NTPC has signed term loan agreement for Rs 1500 crore with HDFC Bank Limited on July 10 to utilise to part finance the capital expenditure of the power corporation.

The loan facility is extended at an interest rate linked to three months MCLR of the bank. The loan has a door to door tenure of 15 years.

The agreement was inked by general manager (finance) NTPC A K Gautam and regional head, corporate banking HDFC Bank Ltd Raveesh Bhatia.
 

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