Economic Times, citing an unidentified banking official, reported that Essar Power Ltd has tied up loans of INR 36 billion (USD 743 million) for a power project in western India.
The report said that loans for the 1,200 MW coal fired project at Salaya in Gujarat state will be given by banks including ICICI Bank and State Bank of India.
(Sourced from http://www.steelguru.com/news/index/2009/09/17/MTEyMDg4/Essar_Power_gets_USD_743_million_loans_-_ET.html)
Wednesday, September 16, 2009
Essar Power gets USD 743 million loans - ET
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