India's NTPC signs $2.3 bln loan with Power Finance

MUMBAI, June 30 (Reuters) - Indian state-run power producer National Thermal Power Corp Ltd (NTPC.BO) said on Monday it had signed a loan agreement for 100 billion rupees ($2.3 billion) with Power Finance Corp (PWFC.BO) to fund its capacity addition.

The tenure of the loan is 16 years. There is a moratorium of four years, after which it will start making quarterly repayments, it said in a statement. (Reporting by Rina Chandran; Editing by John Mair)