NTPC Ltd.

National Thermal Power Corporation (NTPC) has signed a loan facility of $100 million with Mizuho Corporate Bank on March 16, 2012. The loan has a door to door maturity of 7 years.

The proceeds of the loan shall be applied towards capital expenditure for procurement of goods and services for the ongoing and new projects, coal mining projects and renovation and modernization of stations.

The company has reported a fall of 10.17% in its net profit of Rs 2130.39 crore for the quarter ended December 31, 2011 as compared to Rs 2371.48 crore for the same quarter in the previous year due to increase in coal prices. However, total income has increased by 14.66% from Rs 14165.33 crore for Q3FY11 to Rs 16245.42 crore in the quarter under review.