NTPC Signed 250 Million US Dollars Loan Agreement with Banks

National Thermal Power Corporation (NTPC) tied up a term loan facility of 250 million US dollars with various banks.

Created On: Feb 22, 2013 14:03 ISTModified On: Feb 22, 2013 15:07 IST

National Thermal Power Corporation (NTPC) tied up a term loan facility of 250 million US dollars with the State Bank of India, New York Branch as well as Singapore Branch of Mizuho Corporate Bank Limited.

The agreement for the loan was signed in New York. The loan will empower NTPC for making use of the proceeds of loan towards capital expenditure for procurement of goods and services for new as well as ongoing projects. It will also help NTPC in modernization as well as renovation of stations of this corporation.

The loan signed by NTPC will carry a floating rate of interest associated to LIBOR. It also has door to door maturity of 7 years.

With execution of this term loan facility, NTPC raised a total of 750 million US Dollars in 2012-2013 fiscal year, which is the maximum amount allowed under the Automatic Route of the ECB guidelines issued by the Central Bank of India- RBI.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप


Related Stories

Comment (0)

Post Comment

8 + 4 =
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all