Loan proceeds to be used for capex
NTPC announced that the Company had signed a syndicated term loan facility of USD 250 million arranged by Mizuho Bank, Singapore Branch.The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years.
The proceeds of the facility will be utilized to finance capital expenditure on the Company's ongoing and new projects and renovation and modernization of stations.
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