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SBBJ loan for NTPC

State Bank of Bikaner and Jaipur has signed an agreement with NTPC offering a term loan of Rs 500 crore to fund expansion. The loan facility is extended at the base rate of the bank, which is the bare minimum rate at which a bank can lend the loan, that is, 10.25%. The loan has tenure of 15 years and will be used to part-finance capital expenditure. NTPC has an installed capacity of 42,964 MW, including plants operated through joint ventures and three renewable energy projects. The company plans to invest Rs 1.5 lakh crore in the five-year period ending March 2017.

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