NTPC ties up Euro 95 million loan with KfW

NTPC Ltd has tied up a fixed interest rate term loan facility for EUR 95 million, on June 27, 2013, with KfW, the German government developmental financial institution to part finance the capital expenditure on renovation and retrofitting of Flectro Static Precipitators at its various stations. The loan shall be repaid in 16 equal semi annual installments after moratorium of 4 years. NTPC is one of the few companies around the world considered as sovereign by the German government for lending on a standalone basis without sovereign guarantee.

Further, a loan agreement of Rs. 2,000 crore was signed with Bank of India on June 28, 2013 to finance capital expenditure of generation projects and coal mining activities. The loan facility has a door-to-door maturity of 15 years including a drawdown period of 5 years.

Shares of NTPC was last trading in BSE at Rs.143.70, up by Rs.3.25 or 2.31%. The stock hit an intraday high of Rs.144.75 and low of Rs.139.85.

The total traded quantity was 12.31 lakhs compared to 2 week average of 2.83 lakhs.

Source : Equity Bulls

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