NTPC signed Term Loan of Rs. 2000 crore with Canara Bank
NTPC Limited, has signed a term loan agreement for Rs. 2000 crore with Canara Bank on 5th April 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 A.K Gautam, Executive Director (Finance), NTPC Ltd and Shri Amit Garg, Chief Manager, Canara Bank in the presence of Sudhir Arya, C.F.O, NTPC Ltd. and S Ramasubramanian, DGM, Canara Bank.