Country’s largest power utility company, National Thermal Power Corporation (NTPC) has tied up a term loan facility of $250 million with State Bank of India, New York Branch and Mizuho Corporate Bank, Singapore Branch as arrangers and lenders. The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years.
The loan agreement was signed in New York and empowers NTPC for utilization of the proceeds of the loan towards capital expenditure for procurement of goods and services for the ongoing and new projects, renovation and modernization of stations of the corporation.
With the execution of the facility, NTPC has raised $750 million in the current financial year, the maximum amount permitted under the Automatic Route of the ECB guidelines issued by the RBI.
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.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: