Companies

NTPC signs $100-m loan deal

R.Y. Narayanan Coimbatore | Updated on March 20, 2012 Published on March 20, 2012

NTPC has inked a $100-million loan deal with a Japanese bank to fund its ongoing and new projects.

In a communication to the stock exchanges, NTPC said it had signed a loan facility of $100 million with Mizuho Corporate Bank Ltd on March 16 to meet the capital expenditure for procurement of goods and services for the ongoing and new projects, coal mining projects and renovation and modernisation of stations.

The loan has a maturity of 7 years.

Published on March 20, 2012
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