Sterlite Grid secures favorable terms for long term loan of Rs 925 crore
Sterlite Technologies announced that its subsidiary, Sterlite Grid, has successfully refinanced East North Interconnection Company [ENICL] (India's first Ultra Mega Transmission Project) project loan within three months of the project becoming fully operational in November 2014. The new financing arranged by Axis Bank, consists of a long term loan of Rs. 925 crore, with significantly favorable terms as compared to the earlier debt.Powered by Capital Market - Live News
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