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NTPC inks agreement with HDFC Bank

06 Feb 2019 Evaluate

NTPC has inked an agreement with HDFC Bank for Rs 2,500 crore loan to part finance capital expenditure. The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the bank. The loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 321.30
Tata Power 351.00
Adani Power 200.70
Power Grid Corpn. 257.00
Adani Energy Solut. 1346.40
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