By: ICN Bureau
Last updated : March 26, 2023 8:14 pm
To set up an ethanol project of 250 KLPD capacity at Industrial Growth Centre, Matia, Goalpara, Assam.
Gulshan Polyols Limited has informed that the company had approached State Bank of India (SBI) for availing a term loan of Rs. 170 crores for setting up of an ethanol project of 250 KLPD capacity at Industrial Growth Centre, Matia, District Goalpara, Assam.
The company received a sanction letter from SBI in this regard on March 24, 2023. Term loan of Rs. 170 crores with door-to-door tenor of eight years including one-year moratorium. Securities provided include hypothecation of plant and machinery and mortgage on immovable properties located at Goalpara, Assam on 1st charge basis.