NTPC signs term loan of Rs 5,000 cr with SBI
- Country:
- India
Power generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore was signed with State Bank of India (SBI).
The loan facility has been extended at an interest rate linked to 3-month MCLR (marginal cost of funds-based lending rate) of the bank and has a door-to-door tenure of 15 years, NTPC said in a statement.
The loan will be utilised to part finance the capital expenditure of NTPC, it said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- NTPC
- State Bank of India
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