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NTPC Signed Term Loan Agreement with HDFC Bank Worth Rs 1,500 crore: Details, Purpose

 

 

NTPC Signed Term Loan Agreement with HDFC Bank Worth Rs 1,500 crore: Details, Aim, Purpose, About

India's largest electricity generating company, National Thermal Power Corporation Limited (NTPC), has signed a term loan agreement with HDFC Bank for availing a loan of Rs1,500 crore.

The loan agreement was signed by NTPC General Manager (Finance) A K Gautam and HDFC Bank Regional Head for Corporate Banking Raveesh Bhatia.

The loan agreement has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC

NTPC National Thermal Power Corporation Limited

Founded: 1975

Headquarters: New Delhi

Chairman & MD: Gurdeep Singh

HDFC Bank Housing Development Finance Corporation

Founded: August 1994

HQ: Mumbai, Maharashtra

Managing Director: Aditya Puri 

 

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