Don’t miss the latest developments in business and finance.

Sterlite Technologies announces successful refinancing for ENIC project loan

Image
Capital Market
Last Updated : Feb 23 2015 | 3:15 PM IST

Sterlite Grid secures favorable terms for long term loan of Rs 925 crore

Sterlite Technologies announced that its subsidiary, Sterlite Grid, has successfully refinanced East North Interconnection Company [ENICL] (India's first Ultra Mega Transmission Project) project loan within three months of the project becoming fully operational in November 2014. The new financing arranged by Axis Bank, consists of a long term loan of Rs. 925 crore, with significantly favorable terms as compared to the earlier debt.

Powered by Capital Market - Live News

Also Read

First Published: Feb 23 2015 | 2:36 PM IST

Next Story