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NTPC signs Rs 2,500-crore loan agreement with HDFC Bank
Technical Articles- Mar 01,19
NTPC has signed a term loan agreement for Rs 2500 crore with HDFC Bank Limited. The loan facility is extended at an interest rate linked to 3-month MCLR of the bank.
NTPC has signed a term loan agreement for Rs 2500 crore with HDFC Bank Limited. 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 AK Gautam, Executive Director (Finance), NTPC Ltd and Raveesh Bhatia, Regional Head, Corporate Banking, HDFC Bank Ltd in the presence of Saptarshi Roy, Director (HR & Finance), NTPC, Sudhir Arya, CFO, NTPC and Rahul Shukla, Group Head, Corporate Banking, HDFC Bank Limited.
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