NTPC ties up Rs 2,341-cr loan for Bihar project

Our Bureau New Delhi | Updated on March 12, 2018 Published on September 29, 2011

NTPC has tied up a syndicated loan of Rs 2,341 crore from a consortium of Indian banks for its 390-MW thermal power project in Muzaffarpur, Bihar. In a statement issued here on Wednesday, the company said, “Kanti Bijlee Utpadan Nigam Ltd, a subsidiary of NTPC Ltd, has achieved financial closure for Stage-II of Muzaffarpur Thermal Power Project consisting of two units of 195 MW each.”

The loan agreement was signed on Tuesday with consortium of four Banks led by State Bank of India.

Published on September 29, 2011
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