Comments
Naveen Jindal-led Jindal Steel & Power Ltd has planned a foreign currency term loan of $630 million for its Australian step-down coal mining subsidiary Wollongong Coal Ltd (WCL).
Of the two-tranche term loan, $430 million would be used to repay the existing loan and the balance would be utilised for part-financing capital expenditure.
WCL in a statement to the Australian Exchange said that Axis Bank Ltd has sanctioned its portion of $94 million for the first tranche and $44 million for the second tranche.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.