|
Financial closure of Vemgiri plant
Vemgiri Power Generation has tied up the debt component of Rs 787 crore for the 370-mw Vemagiri power project, which is being financed in 70:30 debt-equity ratio. Of the total debt component, IDFC will lend Rs 150 crore, SBI - Rs 125 crore, IL&FS, State Bank of Patiala and UCO Bank - Rs 50 crore, UBI and Allahbad Bank - Rs 75 crore, Oriental Bank - Rs 60 crore and United Bank Rs 50 crore. IOB has committed Rs 22 crore plus $10 million (Rs 46 crore).
Financial closure of Vemgiri plant
|
