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NTPC inks syndicate term loan facility amounting $250 million

29 Sep 2014 Evaluate

NTPC has signed a syndicated term loan facility of $250 million arranged by Mizuho Bank, Singapore Branch. The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years.

The proceeds of the facility will be utilized to finance capital expenditure on the company’s ongoing and new projects and renovation and modernization of stations.

NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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