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NHPC inks pact with SBI for Rs 500 cr term-loan

Press Trust of India  |  New Delhi 

Sunday said it has entered into agreement with the country's largest lender for a term-loan of Rs 500 crore.

The borrowed fund will be utilised to finance the capital expenditure, said in a statement.

"The loan has tenor of 10 years with 3 years of moratorium period and the rate of interest is linked with one year MCLR (currently at 8.50%)," it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, December 02 2018. 13:50 IST