Gujarat Alkalies to avail ECB of $70 mn from SBI
Chemical

Gujarat Alkalies to avail ECB of $70 mn from SBI

The tenure is for 7 years including 2 years moratorium period.

  • By ICN Bureau | February 27, 2021

Gujarat Alkalies and Chemicals Limited has entered into an agreement for availing External Commercial Borrowing (ECB) facility of US$ 70 million (equivalent to maximum of Rs.500 crore) from State Bank of India.

 

The ECB facility agreement was executed on Feb 24, 2021 between borrower and original lender/agent. The tenure is for 7 years including 2 years moratorium period.

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