• Electrical India
  • Aug 6, 2018

NTPC Inks Rs 1,500 crore Term Loan with HDFC Bank

The loan agreement was signed was signed in the presence of A K Gautam, General Manager (Finance), NTPC, Raveesh Bhatia, Regional Head, Corporate Banking, North, HDFC Bank and K Sreekant, Director (Finance), NTPC. 



 NTPC, India’s largest power generating company, has signed term loan agreement for Rs 1,500 crore with HDFC Bank Limited on 10th July, 2018 for its various projects. The loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC and has been extended at an interest rate linked to 3-months Marginal Cost of funds based Lending rate (MCLR) of the bank.

  The loan agreement was signed was signed in the presence of A K Gautam, General Manager (Finance), NTPC, Raveesh Bhatia, Regional Head, Corporate Banking, North, HDFC Bank and K Sreekant, Director (Finance), NTPC. The proceeds of the facility will be utilised to finance capital expenditure on the company’s ongoing and new projects, and in the renovation and modernization of stations.