Coal news and updates

NTPC signs Rs 500-cr term loan with State Bank of Bikaner & Jaipur

March 6: NTPC Limited, India's largest power utility, has signed a term loan agreement for Rs 500 crore with State Bank of Bikaner & Jaipur, the company said in a statement.

The loan facility is extended at the base rate of the bank, which is the bare minimum rate at which a bank can lend the loan.

This 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 in the presence of K Biswal, Director (Finance), NTPC Ltd.