NTPC signs pact for Rs. 5,000 crores with SBI

National Thermal Power Corporation Limited has signed a term loan agreement for Rs. 5,000 crore with State Bank of India.
The loan facility has been extended at an interest rate linked to 3 Months MCLR of the bank and has a door to door tenure of 15 years.
The loan will be utilised to part finance the capital expenditure of NTPC.
NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India.
Gurdeep Singh is the Chairman and Managing Director of NTPC.
Rajnish Kumar is Chairman of the State Bank of India.