NTPC signs Rs 1,500 crore term loan with HDFC Bank

National Thermal Power Corporation (NTPC) on Friday said it had signed a term loan agreement with HDFC Bank for availing a loan of Rs 1,500 crore.

The 15-year loan will bear an interest rate linked to three-months MCLR of the bank, the company said in a statement.

"This loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC," it said.

The loan agreement was signed on July 10 by NTPC General Manager (Finance) A K Gautam and HDFC Bank Regional Head for Corporate Banking Raveesh Bhatia.

(With inputs from agencies)