April 23, 2019 | 10:23 PM IST

NTPC signed Term Loan of ₹2000 crore with Canara Bank

A term loan agreement for ₹2000 crore was signed with Canara Bank on April 5, 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 utilised to part finance the capital expenditure of NTPC. The loan agreement was signed by AK Gautam, Executive Director (Finance), NTPC Ltd and Amit Garg, Chief Manager, Canara Bank in the presence of Sudhir Arya, CFO, NTPC Ltd. and S Ramasubramanian, DGM, Canara Bank, informs a press release.

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