Jan 27, 2014, 08.13 PM IST
The funds would be utilised for Kudgi and Auraiya power projects. NTPC would get a term loan of USD 350 million to finance the supplies and services from Japan as well as India for the Kudgi Super Thermal Power Project Stage-I (3x800 MW). It is located in Karnataka.
Tags NTPC, Kudgi and Auraiya power projects, CIRR (Commercial Interest Reference Rate, NEXI (Nippon Export and Investment Insurance) guarantee, mani Biswal
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NTPC ties up USD 430 million loan
The funds would be utilised for Kudgi and Auraiya power projects. NTPC would get a term loan of USD 350 million to finance the supplies and services from Japan as well as India for the Kudgi Super Thermal Power Project Stage-I (3x800 MW). It is located in Karnataka.
Like this story, share it with millions of investors on M3
NTPC ties up USD 430 million loan
The funds would be utilised for Kudgi and Auraiya power projects. NTPC would get a term loan of USD 350 million to finance the supplies and services from Japan as well as India for the Kudgi Super Thermal Power Project Stage-I (3x800 MW). It is located in Karnataka.
The funds would be utilised for Kudgi and Auraiya power projects. NTPC would get a term loan of USD 350 million to finance the supplies and services from Japan as well as India for the Kudgi Super Thermal Power Project Stage-I (3x800 MW). It is located in Karnataka.
"The facility consists of a CIRR (Commercial Interest Reference Rate) based fixed interest tranche and a floating interest rate tranche, with a door to door maturity of about 15 years," the company said in a statement today.
Also read: Do not have liberty to freely raise tariffs: NTPC
Another loan of about USD 80 million would be utilised to finance the renovation and modernisation of gas turbines at 652 MW Auraiya gas power station in Uttar Pradesh. This facility is a CIRR based fixed interest rate facility with a door to door maturity of over 12 years.
"In both the loans, 60 per cent of the facility amount is provided by JBIC and the balance by commercial banks under NEXI (Nippon Export and Investment Insurance) guarantee. "The loans are provided on a stand alone basis without any sovereign guarantee reflecting the NTPC's strong credit quality," the statement said.
This is the first time JBIC is directly extending loan facility to NTPC. Earlier, the entity had extended guarantee for an untied loan of USD 380 million for the company's Barh Stage-I project.
The loan agreements were inked by NTPC Director (Finance) Kulamani Biswal and JBIC Governor Hiroshi Watanabe, Governor, JBIC here on January 25. NTPC has an installed capacity of 42,454 MW.
NTPC stock price
On January 27, 2014, NTPC closed at Rs 129.45, down Rs 2.15, or 1.63 percent. The 52-week high of the share was Rs 162.80 and the 52-week low was Rs 122.65.
The company's trailing 12-month (TTM) EPS was at Rs 14.55 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 8.9. The latest book value of the company is Rs 97.49 per share. At current value, the price-to-book value of the company is 1.33.
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