NTPC signs term loan of Rs 2,000 crore with Bank of Baroda

NEW DELHI: State-owned NTPC has announced signing of a term loan facility of Rs 2,000 crore with Bank of Baroda.

"The Rs 2,000 crore loan agreement with Bank of Baroda has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC," the company said in a statement.

The loan agreement was signed in the presence of K Biswal, Director (Finance), NTPC and B B Joshi, (Executive Director), Bank of Baroda.

Meanwhile, the Board of Directors of NTPC have also approved a Scheme of Arrangement for the issuance of non-convertible debentures of face value of Rs 12.50.

Shares of the company were trading at Rs 143.50, up 3.39 per cent on the BSE.