20 July 2018 Current Affairs: The loan has a door-to-door tenure of 15 years and will be utilised to partly finance capital expenditure of NTPC (National Thermal Power Corporation Limited), which is India's biggest power producer.
About NTPC Limited:
♦ NTPC is a company incorporated under the Companies Act 1956 and is promoted by the Government of India.
♦ Founded: 1975
♦ Headquarters: New Delhi, India
♦ Owner: Government of India
♦ Purpose: Electricity generation and distribution natural gas exploration, production, transportation and distribution