NTPC Signed Three Loan Agreements Worth 1870 Crore Rupees with Three Banks

Apr 3, 2013 09:38 IST

The National Thermal Power Corporation Ltd signed three loan agreements worth 1870 crore Rupees on 2 April 2013. The loan agreements were signed with Canara Bank (worth 1000 crore Rupees), Punjab and Sindh Bank (570 crore Rupees) and Andhra Bank (300 crore Rupees).

All these loan agreements were extended at the respective base rates of the bank. Base rate of the bank is the bare minimum rate at which the bank can lend. All these loans have the door to door tenure of 15 years.

The aim of these loan agreements is to part finance the capital expenditure of NTPC.

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Read more Current Affairs on: NTPC , Loan Agreements , Banks

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