The loan shall be utilised towards financing the petrochemicals project of 750 KTPA of Propane Dehydrogenation
Petronet LNG Limited has signed a loan agreement to borrow secured Rupee Term Loan of Rs. 6,000 crore each, aggregating to Rs. 12,000 crore, from the consortium of State Bank of India (SBI) and Bank of Baroda, with SBI leading the consortium.
The loan shall be utilised towards financing the petrochemicals project of 750 KTPA of Propane Dehydrogenation (PDH) and 500 KTPA of Polypropylene (PP) including propane and ethane handling facilities at Dahej, Gujarat and other capital expenditure of the company.
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