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Yes Bank underwrites project finance facility of Rs 800 crore

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Capital Market
Last Updated : Jan 04 2017 | 1:47 PM IST

For transmission project of Sterlite Power Transmission in Haryana

Yes Bank announced that Sterlite Power Transmission has achieved financial closure for its transmission project that will increase electricity supply to residential, commercial and industrial establishments in part of Haryana. The financial closure was achieved by Yes Bank by underwriting Project Finance Facility of Rs 800 crore for a period of 15 years for the project.

The transmission project will increase power supply by 2000-3000 MW to the energy starved region and strengthen the transmission network.

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First Published: Jan 04 2017 | 1:14 PM IST

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