NTPC signs Rs 3,000 crore term loan agreement with ICICI Bank

Posted on:30 Aug 2017 16:20:53
NTPC signs Rs 3,000 crore term loan agreement with ICICI Bank
30 August 2017 Current Affairs: State-owned National thermal Plant Corporation (NTPC) 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.

It commissioned 3,845 MW capacity and added 2,190 MW to its commercial capacity during 2016-17.

The installed capacity of the group was 51,671 MW as on July 31 and has over 28,000 MW of capacity under construction.

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