Bharat Aluminium
Company (Balco) has raised a loan of Rs.1,000 crore to fund its expansion
programme envisaging increasing its smelter capacity from 1 lakh tpa to 3.5
lakh tpa. The debt is in form of a 6-year syndicate loan at an interest rate of
around 8 per cent. ABN Amro Securities was the sole arranger for the loan. Loan
is to be repaid in 12 equal quarterly instalments beginning at the end of 39
months.
Details of the
expansion plan are listed below:
|
Facility
|
Units
|
Phase I
|
Phase II
|
|
From
|
To
|
From
|
To
|
|
Smelter
|
lakh tpa
|
1.0
|
1.5
|
1.5
|
4.0
|
|
Alumina refinery
|
lakh tpa
|
2.0
|
3.3
|
3.3
|
8.3
|
|
Power
|
MW
|
|
|
270
|
840
|
The project is
slated to be commissioned by 2005.
Related News:
Balco to invest in
capacity expansion
Government rejects
Balco's proposal of importing technology