NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
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NTPC inks term loan agreement for Rs 500 crore with SBBJ

Date: 06-03-2014

NTPC, the country’s biggest power producer, has inked a term loan agreement for Rs 500 crore with State Bank of Bikaner & Jaipur (SBBJ) on March 05, 2014 in New Delhi. The loan facility is extended at the Base Rate of the Bank, which is the bare minimum rate at which a bank can lend the loan.

Besides, this loan has a door to door tenure of 15 years and will be utilized to part finance the capital expenditure of the company.

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.