NTPC signs loan agreement with SBI

The loan shall be utilised for financing NTPC’s ongoing and new projects

Surging ahead with its capacity expansion plans, NTPC Ltd, the largest power utility in the country, signed a loan agreement of Rs10,000 crore with State Bank of India in New Delhi. The rupee term loan has a door to door maturity of 12 years with a drawdown period of four years. The loan shall be utilised for financing the capital expenditure of its ongoing and new projects.

The loan agreement was signed in the presence of Arup Roy Choudhury, CMD, NTPC and his team and Pratip Chaudhuri, chairman, State Bank of India and senior officials of both the organisations.

This is the single largest loan extended by State Bank of India to any corporate entity in India and abroad. For NTPC also, this is the single largest loan extended by any commercial bank. NTPC has a total installed capacity of 34,584 MW and plans to be a 128 GW company by 2032.

On Friday, NTPC ended 0.05% down at Rs189.90 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.15% down at 18,858.04.

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Kale Consultants reconstitutes board of directors

Appoints Philippe Lesueur as director & chairman and adds two new independent directors to the Board

Kale Consultants today announced that Philippe Lesueur will be the new chairman and director of the company. Philippe Lesueur replaces Narendra Kale who resigns from the board as the chairman and director. Vipul Jain will continue as the managing director of the company.

Kale Consultants also announced appointment of Sekhar Natarajan and Bahram Vakil as independent directors on the board of the company and resignations of PS Deodhar and Pravin Gandhi as directors of the company. Kewal Nohria will continue to remain on the board as an independent director.

On Friday, Kale Consultants ended 1.49% up at Rs85.30 on the Bombay Stock Exchange, while the benchmark Sensex ended 1.15% down at 18,858.04.

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BSE Training Institute launches MBA program in financial markets

The course will be held at BTI’s premises in BSE

BSE Training Institute (BTI) in collaboration with Indira Gandhi National Open University (IGNOU) has started the first batch of its MBA-Financial Markets Program, full time MBA specialising in 'financial markets'.

BTI, backed by Bombay Stock Exchange, is an educational institute in the country offering a specialised course specifically designed for the study of financial markets. The course will be held at BTI's premises in BSE.

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