National Thermal Power Corporation Limited has signed a term loan agreement for Rs. 5,000 crore with State Bank of India. The loan facility has been extended at an interest rate linked to 3 Months MCLR of the bank and has a door to door tenure of 15 years. The loan will be utilised to part finance the capital expenditure of NTPC.
Important Takeaways for LIC Assistant and IBPS Clerk Mains:
- Gurdeep Singh is the Chairman and Managing Director of NTPC.
- Rajnish Kumar is Chairman of the State Bank of India.
Source- The Hindu Business Line