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NTPC has tied up a syndicated loan of Rs 2,341 crore from a consortium of Indian banks for its 390-MW thermal power project in Muzaffarpur, Bihar. In a statement issued here on Wednesday, the company said, “Kanti Bijlee Utpadan Nigam Ltd, a subsidiary of NTPC Ltd, has achieved financial closure for Stage-II of Muzaffarpur Thermal Power Project consisting of two units of 195 MW each.”
The loan agreement was signed on Tuesday with consortium of four Banks led by State Bank of India.
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