Reliance Power recasts Rs 2,430-crore loan for Samalkot project


Reliance Power recasts Rs 2,430-crore loan for Samalkot project

Reliance Power said on Thursday 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 ($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 per cent 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. Read More

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