NTPC signs loan agreement with HDFC Bank

NTPC signed a term loan agreement for Rs 2500 crore with HDFC Bank on February 4. The loan facility is extended at an interest rate linked to 3month MCLR of the bank. The 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, and Raveesh Bhatia, Regional Head, Corporate Banking, HDFC Bank, in the presence of Saptarshi Roy, Director (HR & Finance), NTPC; Sudhir Arya, CFO, NTPC; and Rahul Shukla, Group Head, Corporate Banking, HDFC Bank.