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NTPC has signed a term loan agreement for a loan of Rs.1,500 crore, with HDFC Bank.
The 15-year loan will bear an interest rate linked to 3-months MCLR, of the bank. NTPC stated, “This loan has a door-to-door tenure of 15 years and will be utilized to part finance the capital expenditure of NTPC.” Further, the loan agreement was signed by NTPC General Manager (Finance) A K Gautam and HDFC Bank Regional Head for Corporate Banking Raveesh Bhatia, on July 10.
