A consortium of 19 lenders led by State Bank of India will provide term loan of Rs 6,150 crore to Sterlite Energy (SEL), part of Vedanta group, for its 2,400 Mw power Project being implemented at Jharsuguda, Orissa.
The loan to SIL, subsidiary of Stelerlite Industries, will consist of rupee as well as foreign currency component. The floating interest rate for rupee loan is linked to SBI’s advance rate. The loan agreements were signed today in Mumbai, Sterlite Industries said in statement.
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