NTPC to raise funds from Nordic Investment Bank

National Thermal Power Corporation Ltd (NTPC) has announced that the Company has signed a loan Agreement of Euro 68.56 million with the Nordic Investment Bank (NIB) on February 15, 2008, a multilateral financial institution owned by the Nordic and Baltic countries, to part finance the capital expenditure of its projects. The loan has a maturity of 12 years including availability period of 3 years. The loan carries a floating rate of interest linked to EURIBOR and is without sovereign guarantee. This is the first loan that NTPC has tied up with NIB.

The stock closed the day at Rs.202.35, down by Rs.1.55 or 0.76%. The stock hit an intraday high of Rs.209.80 and low of Rs.201.50.

The total traded quantity was 1707929 compared to 2 week average of 1996351.

Source : Equity Bulls

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