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NTPC raises Rs 600 crore worth term loan from Jammu & Kashmir Bank: Reports

07 Dec 2012 Evaluate

NTPC has raised Rs 600-crore term loan from The Jammu & Kashmir Bank, as mentioned in a media report. The funds would be utilized to part-finance the capital expenditure of its projects.  The loan facility has been extended at the base rate of the bank, has a door-to-door tenure of 15 years.

NTPC has been raising debt from Indian banks and financial institutions since November 1999. Till now, it has inked loan agreements for Rs 57,629.35 crore, out of these Rs 41,404.35 crore have been out to use.

The company registered growth of 29.63% in its net profit after tax at Rs 3142.35 crore for the quarter ended September 30, 2012 as compared to Rs 2424.12 crore for the same quarter in the previous year. Total income of the company has increased by 4.77% at Rs 17167.88 crore for quarter under review as compared to Rs 16386.87 crore for the quarter ended September 30, 2011.

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393.65 2.85 (0.73%)
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