Petronet LNG secures ₹12,000 crore term loan facility
after close1 source ↓written by the desknot a recommendation
- with a consortium
- ₹12,000 crore
- each providing
- ₹6,000 crore
State-run Petronet LNG has executed a secured rupee term loan facility of ₹12,000 crore with a consortium led by State Bank of India and Bank of Baroda, each providing ₹6,000 crore. The funds will primarily finance its Petrochemicals Project and other capital expenditures, including a new PDH and PP unit in Gujarat. This move reflects a strong financial backing for future growth.
Not investment advice. For informational purposes only.