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NTPC signs 8,500-crore loan pact with SBI

NEW DELHI: State-run power producer NTPC has signed a loan agreement with the State Bank of India for Rs.8,500 crore, which will be used for funding a basket of projects in the pipeline. The loan facility for NTPC to be provided by SBI would have a tenure of ten years and the interest rate is linked to State Bank Advance Rate (SBAR), said the company in a statement. The loan will be drawn over a period of three years. --PTI

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