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NTPC signs Rs 2,000 cr term loan with Canara Bank

Edited By : Ameya Sathaye
Published : April 6, 2019, 6:39 AM IST   |   24
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New Delhi, April 6  The country’s largest power producer NTPC has signed a term loan agreement for Rs 2,000 crore with Canara Bank.

The loan facility is extended at an interest rate linked to three months MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of the NTPC.

Ameya Sathaye is the Founder & Editor-in-Chief of SarkariTel.com and DiplomacyIndia.com with over 25 years of experience in journalism, public policy, diplomacy, governance, infrastructure and international affairs. He has represented India at major international conferences and has served as an international election observer in Uzbekistan. Detailed Biography → https://www.sarkaritel.com/about-author/

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