New Delhi, April 08, 2019: A term loan agreement for ₹2000 crore was signed with Canara Bank on the 5th of April 2019. 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 utilized to part finance the capital expenditure of NTPC. The loan agreement was signed by Shri A.K Gautam, Executive Director(Finance), NTPC Ltd and Shri Amit Garg, Chief Manager, Canara Bank in the presence of Shri Sudhir Arya, C.F.O, NTPC Ltd. and Shri S Ramasubramanian, DGM, Canara Bank.
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