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Last Updated : Jul 11, 2019 04:57 PM IST | Source: PTI

RPower recasts Rs 2,430 crore loan for Samalkot project

Reliance Power is in advance stages of development of Bangladesh project and relocating Samalkot modules in Andhra Pradesh to Bangladesh, according to the statement.

Reliance Power said on July 11 that the Rs 2,430-crore loan for its Samalkot project has been restructured and its maturity has been extended to June 2022.

"Reliance Power's Samalkot project successfully recasts Rs 2,430-crore (USD 347 million) loan from US-EXIM...amortising repayment schedule converted into bullet repayments...extended final loan maturity to June 2022...ultra-low interest rate of only 2.65 percent per annum," Reliance Power said in a BSE filing.

Reliance Power is in advance stages of development of Bangladesh project and relocating Samalkot modules in Andhra Pradesh to Bangladesh, according to the statement.

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The company is a private sector power generation and coal resources company.
First Published on Jul 11, 2019 04:40 pm
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