On 25 March 2020The Board of GOCL Corporation at its meeting held on 25 March 2020 through videoconference, approved issue of collateral guarantee/ security up to an amount of Rs.1000 crore for the loans sanctioned / to be sanctioned to Hinduja National Power Corporation (HNPCL) by a Bank. HNPCL is not a related party to the Company.
The collateral guarantee / security to be extended by the Company, would be counter guaranteed by Hinduja Energy (India), the parent entity of HNPCL.
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