Board of GOCL Corporation approves issue of collateral guarantee upto Rs 1000 cr
On 25 March 2020
The 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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 26 2020 | 6:21 PM IST