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NTPC inks term loan pact with HDFC Bank, Syndicate Bank to raise Rs 3000 crore

09 Dec 2014 Evaluate

NTPC has signed a term loan agreement for Rs 2,000 crore with HDFC Bank and another similar agreement with Syndicate Bank for Rs 1,000 crore.  Both the loan agreements have a door-to-door tenure of 15 years. Further, the funds raised from these will be utilized to part-finance its capital expenditure.

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 307.30
Tata Power 340.30
Adani Power 187.55
Power Grid Corpn. 261.20
Adani Energy Solut. 1330.85
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