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NTPC signs pact with SBI for Rs 5K cr term loan

Press Trust of India  |  New Delhi 

NTPC said Monday that it has signed a term loan agreement for Rs 5,000 crore with

"The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to the capital expenditure of NTPC," a company statement said.

The loan agreement was signed by Masood A Ansari, (Finance), and Neelabh Sinha, Dy General Manager, in the presence of Saptarshi Roy, (Finance), , Sudhir Arya, CFO, and Pradeep Kelshikar, General Manager,

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

First Published: Mon, February 11 2019. 17:30 IST