NTPC Ltd.

National Thermal Power Corporation (NTPC) has signed a Commercial Interest Reference Rate (CIRR) based fixed interest rate term loan facility backed by Euler Hermes of 72.5 million euro with KfW, Germany on March 22, 2012. The loan shall be utilized to find the capital expenditure on Barh, Stage-II project located in the state of Bihar. The loan has a door to door maturity of 14 years.

Recently, the company 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 company 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 increased by 14.66% from Rs 14165.33 crore for Q3FY11 to Rs 16245.42 crore in the quarter under review.