Power generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore was signed with State Bank of India (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 bank and has a door-to-door tenure of 15 years, NTPC said in a statement.
The loan will be utilised to part finance the capital expenditure of NTPC, it said.
Also Read: SEBI tells LIC, SBI, BoB to cut stake in UTI AMC below 10% or face strict action
Also Read: NEFT service to be allowed 24x7 from December 16; to boost digital payments
Also Read: TCS 1st Tata Group firm to offer health insurance benefits to LGBT employees