NHPC inks pact with SBI for Rs 500 cr term-loan
The borrowed fund will be utilised to finance the capital expenditure, NHPC said in a statement.
State-owned hydro power giant NHPC Sunday said it has entered into agreement with State Bank of India, Image source: Pixabay
State-owned hydro power giant NHPC Sunday said it has entered into agreement with the country's largest lender State Bank of India for a term-loan of Rs 500 crore.
The borrowed fund will be utilised to finance the capital expenditure, NHPC said in a statement.
"The loan has tenor of 10 years with 3 years of moratorium period and the rate of interest is linked with one year MCLR (currently at 8.50%)," it added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
