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NTPC inks Rs 2,500 cr loan pact with HDFC Bank

twitter-logo PTI        Last Updated: February 5, 2019  | 17:02 IST

New Delhi, Feb 5 (PTI) State-run power giant NTPC Tuesday said it has signed an agreement with HDFC Bank for a Rs 2,500 crore loan to part finance capital expenditure. The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the bank, a statement said. According to the statement, the loan pact signed Monday, 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 and Raveesh Bhatia, Regional Head, Corporate Banking, HDFC Bank in the presence of other officials. PTI KKS ANU

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