NTPC inks term loan worth Rs 5,000 crore with SBI

SBI

Power generation company NTPC has entered into a term loan agreement worth Rs 5,000 crore with India’s largest public sector lender the State Bank of India (SBI).

SBI

The loan facility has been extended at an interest rate linked to 3-month MCLR (marginal cost of funds-based lending rate) of the lender and has a door-to-door tenure upto 15 years, NTPC said in a statement.

The loan will be utilised for part financing the capital expenditure of NTPC, it said.

NTPC Limited, earlier known as National Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, deals in the business of generation of electricity and allied activities.

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