State-owned banks like State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB) are among six lenders which have bid for the loan, two bankers aware of the development said. Of the ₹39,000 crore, 70% or about ₹27,000 crore would be debt, and the rest equity.
Established in January 2023, Cauvery Basin Refinery and Petrochemicals Ltd (CBRPL) is planned as a 75:25 joint venture between Indian Oil Corp. Ltd and Chennai Petroleum Corp. The proposed nine million tonnes per annum (mtpa) refinery will come up at Nagapattinam.
The loan's interest rate is likely to be linked to SBI's three-month marginal cost of funds-based lending rate or MCLR, the two people cited above said on the condition of anonymity. Following a recent revision, SBI's three-month MCLR now stands at 8.55%.
This story is from the November 20, 2024 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 20, 2024 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
PROBE PANEL FILES REPORT IN JHANSI FIRE; ACTION TO BE TAKEN SOON: DY CM
A four-member panel set up to probe the fire that broke out at Jhansi's Maharani Laxmibai Medical College, in which several newborns were killed, has submitted its report to deputy chief minister Brajesh Pathak, who also holds the medical education portfolio.
MOLDOVAN EDU MIN DISCUSSES TIES WITH PRADHAN
Moldovan education and research minister Dan Perciun, who is currently in India to court the Indian government, universities, and students in the run up to the official inauguration of its embassy in New Delhi in December, met Union education minister Dharmendra Pradhan on Tuesday.
Assam woman's body found in B'luru flat
POLICE REPORTS INDICATE THAT HARNI REMAINED IN THE ROOM FOR AN EXTENDED PERIOD AFTER MURDERING GOGOI
A celebration of the indomitable spirit of our freedom struggle
Seventy-five years ago, on November 26, the Constitution of India was adopted.
A Constitution by the people: How the charter was framed
Making of the Indian Constitution was not solely an elite exercise anchored in the Constituent Assembly. The Indian public took an active part in the process
Working on estimating wild elephants: Govt
The government has informed Parliament that the Union environment ministry and the Wildlife Institute of India are working on an estimation of the wile elephant population, and that this report will be made public after its completion.
SC UNDERLINES 'CREATIVE' STEPS FOR UNRULY FLYERS
That everyone has their own story of a drunk on a plane was evident on Tuesday during a Supreme Court hearing a case on the same, with one of the judges, Justice K V Vishwanathan sharing his account of two drunk passengers, including one who insisted on sleeping it off inside the toilet.
Indian Army installs optical fibre at Siachen, DBO to boost connectivity
The Indian Army has installed optical fibre at two of its farthest outposts in the Ladakh sector to ensure high-speed broadband connectivity in Siachen and Daulet Beg Oldie (DBO).
Cops take farm leader to hospital ahead of hunger strike
Samyukta Kisan Morcha (non-political) leader Jagjeet Singh Dallewal was allegedly forcibly removed from the Khanauri border and taken to a hospital in Ludhiana hours before he was to begin a fast unto death to press for farmers' demand on Tuesday.
Adani power deal under scrutiny: Andhra official
The Andhra Pradesh government is examining whether the state can cancel a contract with the Solar Energy Corp of India (SECI) following allegations by prosecutors in New York that the Adani Group paid around $265 million in bribes to officials in several Indian states to secure renewable energy contracts.
