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Board of GOCL Corporation approves issue of collateral guarantee upto Rs 1000 cr

Capital Market 

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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 26 2020. 18:21 IST