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Sterlite Power refinances project loan

BNE ADMIN


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Guwahati: Sterlite Power, a leading power transmission developer and solutions provider, announced the successful refinancing of its project loan for the recently commissioned Khargone Transmission Project, stated a press release.

The new financing from Aseem Infrastructure Finance Limited (Rs 525 Cr), NIIF Infrastructure Finance Limited (Rs 450 Cr) and Aditya Birla Finance Limited (Rs 225 Cr), will enable prepayment of the existing project loan of approximately Rs. 1,100 crore.

With this transaction, Ster lite Power has achieved a reduction of almost 400 basis points in the interest cost to be incurred by the project on a per annum basis, the press release stated.

BNE ADMIN