In a bid to partially finance its capital expenditure plans, State-owned NTPC has entered into loan agreements worth Rs 1,870 crore with three public sector banks (PSBs). Of the total, Punjab and Sindh Bank will provide Rs 570 crore loan to the company while, Andhra Bank and Canara Bank will provide Rs 300 crore and Rs 1,000 crore respectively. These loans have tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.
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.
