Jindal Power Secures $470 Million Offshore Loan From Indian Banks For 700 MW Botswana Power Project
Jindal Power Ltd has reportedly secured an offshore loan of approximately $470 million from three Indian banks to finance its coal-based power project in Botswana, strengthening the company's presence in Africa's energy sector. As per a report by Bloomberg, Axis Bank, ICICI Bank and the Export-Import Bank of India have provided the financing facility, which carries a nine-year tenure. The loan is…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
