(THE NEWSMAN OF INDIA)
NTPC signed a term loan agreement for ₹5000 crore with State Bank of India today 11th February, 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC. The loan agreement was signed by Masood A Ansari, General Manager (Finance), NTPC Ltd and Neelabh Sinha, Dy General Manager, State Bank of India in the presence of Saptarshi Roy, Director (Finance), NTPC Ltd , Sudhir Arya, C.F.O, NTPC Ltd and Pradeep Kelshikar, General Manager, SBI.