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State-run power producer NTPC has signed a term loan agreement for Rs 490 crore with Central Bank of India in Delhi.
The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC, the company said in a statement.
The loan facility has been extended at the Base Rate of the Bank, which is the bare minimum rate at which a bank can lend.The agreement was signed Sangeeta Bhatia, General Manager, NTPC and V Sreenivasan, DGM, Central Bank of India in the presence of GK Sadhu, Executive Director (Finance), NTPC and other officials of NTPC and Central Bank of India, the statement added.
