NTPC signs Rs 1,500 crore term loan with HDFC Bank

NTPC signs Rs 1,500 crore term loan with HDFC Bank
Highlights

NTPC, Indias largest electricity generating company, today said it has signed a term loan agreement with HDFC Bank for availing a loan of Rs 1,500 crore

The 15-year loan will bear an interest rate linked to 3-months MCLR of the bank.

New Delhi: NTPC, India's largest electricity generating company, today said it has signed a term loan agreement with HDFC Bank for availing a loan of Rs 1,500 crore.

The 15-year loan will bear an interest rate linked to 3-months MCLR of the bank, the company said in a statement.

"This loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC," it said.

The loan agreement was signed by NTPC General Manager (Finance) A K Gautam and HDFC Bank Regional Head for Corporate Banking Raveesh Bhatia on July 10.

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