NTPC Ltd.

NTPC has entered into term loan agreement for $250 million with State Bank of India, New York Branch and Mizuho Corporate Bank, Singapore Branch as arrangers and lenders. The company will use the proceeds of the loan towards capital expenditure for procurement of goods and services for the ongoing and new projects and renovation and modernization of stations of the company.

The loan carries a floating rate of interest linked to London Interbank Offered Rate (LIBOR) and has a door to door maturity of 7 years.

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.