Reliance secures loans and goes to next phase

Minocha, Naresh; Gibson, Jane
October 2006
ICIS Chemical Business;10/23/2006, Vol. 1 Issue 40, p5
Trade Publication
The article reports that Reliance Petroleum Limited (RPL) has taken an additional loan to help fund building at its refinery-cum-polypropylene complex at Jamnagar, Gujarat, India. Fifty banks across three continents have agreed loans in response to its $1.5 billion syndicated loan facility, which was launched in August 2006. Separately, RPL told the Indian National Stock Exchange on 13 October that it entered loan agreements for foreign currency borrowings of $2 billion.


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