NEWS
NTPC to raise Rs 5,000 cr term loan from banks
The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.
The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.
State-owned power giant NTPC plans to raise Rs 5,000 crore term loan from banks and financial institutions (FIs).
The power giant has floated a tender seeking bids from banks and FIs for the term loan by 31 August.
In its request for proposal (RFP), the company said that the proceeds of the loan would be used for capital expenditure, refinancing of loan and other corporate purposes.
As per the document, the bids can be submitted till 1100 hours on August 31.
The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.
