NEWS & ADVICE : PERSONAL LOAN
NTPC raised Rs 1870 crore loans from domestic market
By Vaibhav Aggarwal
Apr 3, 2013
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NTPC has mopped up Rs 1,870 crore in loans from the domestic market. The funds have been raised up from Punjab and Sindh BankAndhra Bank and Canara Bank.

"These loans have a door-to-door tenure of 15 years and will be utilised to part-finance NTPC's capital expenditure," a company official said.

According to the loan agreement, NTPC has borrowed Rs 570 crore from Punjab and Sindh Bank; Rs 300 crore from Andhra Bank and another Rs 1,000 crore from Canara Bank.

"The loans have been extended at the respective base rates of the banks, which is the bare minimum rate at which they can lend," the official added.


 


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