eGov Magazine

NTPC signs Rs.1870 crore loan agreement with Domestic Banks

NTPC signed three Loan agreementsof Rs.1870 crore with Punjab and Sindh Bank (Rs.570 crore), Andhra Bank (Rs.300 crore) and Canara Bank (Rs.1000 crore). The loans have been extended at the respective base rates of the bank, which is the bare minimum rate at which a bank can lend. These loans have door to door tenure of 15 years and will be utilized to part finance the capital expenditure of NTPC.

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