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NTPC inks term loan of INR 5,000 crore with State Bank of India

Power News - Published on Wed, 13 Feb 2019

Image Source: PSU Connect
Economic Times reported that NTPC, country's largest power generator has signed a term loan agreement for INR 5,000 crore with State Bank of India, SBI said in a statement that "The loan facility is extended at an interest rate linked to three-month MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.”

The loan agreement was signed by Mr Masood A Ansari, general manager (finance), NTPC and Neelabh Sinha, Deputy general manager, SBI in the presence of Saptarshi Roy, director (finance), NTPC; Sudhir Arya, CFO, NTPC; and Pradeep Kelshikar, general manager, SBI.

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Posted By : Rabi Wangkhem on Wed, 13 Feb 2019
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