National Thermal Power Corporation Ltd (NTPC) has announced that the Company has signed a loan Agreement of Rs 10,000 crores with Power Finance Corporation on June 30, 2008 to finance the expenditure on the on-going capacity addition programme of NTPC including Renovation and Modernization and Coal Mining and Coal Washeries.
The tenure of the loan is 16 years with a moratorium of 4 years. The repayments are to take place in 48 quarterly installments after moratorium.
The NTPC Stock closed the day at Rs.151.65, down by Rs.0.60 or 0.40%. The stock hit an intraday high of Rs.154.70 and low of Rs.149.55.
The total traded quantity was 1326755 compared to 2 week average of 1533207.
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