Jindal Power has achieved financial closure for its Tamnar power project in
Raigarh, Chhattisgarh.
The term loan facility of Rs 10,057 crore, with tenure of about 14 years, has
been tied up through a consortium of 23 banks and financial institutions. State
Bank of India is the sole financial advisor and arranger of this deal.
The company is expected to pump in the funds to expand its Tamnar project, by
adding another 2,400 MW at an investment of Rs 13,410 crore. The project is to
be funded in a debt equity ratio of 3:1. The equity portion, around Rs 3,353
crore, is likely to be sourced from internal accruals.
Also See:
Jindal
Power invites bids for BTG package (30-March-10)
Related Links:
Project profile