State-owned NTPC has signed a term loan agreement for Rs. 3,000 crore with ICICI Bank for partially funding its capital expenditure.
The loan which has a door-to-door tenure of 15 years will be utilized to part finance the capital expenditure of NTPC. NTPC had commissioned 3,845 MW capacity and added 2,190 MW to its commercial capacity during 2016-17.
Important Takeaways from Above News-
- Gurdeep Singh is the MD and Chairman of NTPC.
Source- The Hindu Business Line