NTPC ties up with JBIC for ₹3,500 crore loan
NTPC Ltd signed an agreement with Japan Bank for International Cooperation (JBIC) on Wednesday for a loan of ₹3,500 crore.
Under the foreign currency loan agreement, JBIC will provide 60% of the loan amount and the balance will be covered by other commercial banks, Sumitomo Mitsui Banking Corporation, Bank of Yokohama, San-In Godo Bank, Joyo Bank and Nanto Bank, that are under JBIC guarantee.
“NTPC entered into foreign currency loan agreement with JBIC, the Japanese Government policy-based financial institution, for JPY 50 billion (approximately USD 480 million or ₹3,500 crore),” a company statement said.
