New Delhi: State-run NTPC on Friday signed an agreement with Central Bank of India for a loan of Rs 490 crore.
The power major has signed a term loan agreement for Rs 490 crore with the public sector bank. The loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of the company, NTPC said in a statement.
The loan has been granted by the bank at the base rate, which is the bare minimum rate at which a bank can lend, it added.
The agreement was signed by NTPC General Manager Sangeeta Bhatia and V Sreenivasan, DGM, Central Bank of India in the presence of NTPC Executive Director (Finance) G K Sadhu and other officials of NTPC and Central Bank of India.
NTPC currently generates over 41,000 MW of electricity and plans to add 20,000 MW more by 2017.
Shares of NTPC closed at Rs 151.60 apiece, up 1.24 percent on the BSE.