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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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