Petronet LNG secures ₹12,000 crore for expansion
pre-market1 source ↓written by the desknot a recommendation
- loan
- ₹12,000 crore
- each contributing
- ₹6,000 crore
Petronet LNG Limited has successfully arranged a ₹12,000 crore loan through a consortium led by the State Bank of India and Bank of Baroda, each contributing ₹6,000 crore. This funding will support PLL’s Petrochemicals Project and other capital expenses, enhancing its growth strategy. 📈
The financial backing marks a significant step in PLL’s diversification efforts, potentially boosting market confidence in the company’s future prospects.
Not investment advice. For informational purposes only.