'Tata Steel Odisha’s project loan largest ever on record'
'Tata Steel Odisha’s project loan largest ever on record'
Tata Steel Odisha’s Rs. 22,800 crore project financing loan is the largest project financing loan on record, according to the global deal-tracking firm Dealogic.
Tata Steel on May 22 said it has closed project financing for the project and it had recently gotten funding commitment from a consortium of 21 banks for Rs. 22,800 crore.
The new greenfield six million tonne steel plant in Kalinganagar is likely to be implemented in two phases of 3 million tonne each.
Meanwhile, India’s project financing loan volume stood at $ 14.7 billion in 2013 so far this year, up 13 per cent from $ 12.9 billion lent in the same period in 2012.
0 comments: