HomeBusinessNTPC infuses Rs 2000 crore as short term loan in Canara Bank
spot_img

NTPC infuses Rs 2000 crore as short term loan in Canara Bank

Date:

Trending

One of India’s largest state-run power utility company, NTPC on Friday has announced that it has agreed to infuse Rs 2,000 crore in Canara Bank.

In a statement issued on Friday, NPTC said that “The company has signed a term loan agreement of Rs 2,000 crore with the Canara Bank. The loan facility extended at an interest rate linked to 3-month MCLR of the bank.”

- Advertisement -

Adding to this statement the company said that “The loan has a door tenure of 15 years and will be utilized to part finance the capital expenditures of the NTPC.”

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.
spot_img

More Latest Stories

spot_img

Related Stories