NTPC Ltd.

NTPC has signed a syndicated term loan facility of $250 million arranged by Mizuho Bank, Singapore Branch. The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years.

The proceeds of the facility will be utilized to finance capital expenditure on the company’s ongoing and new projects and renovation and modernization of stations.

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.