Gurgaon-Palwal project: Sterlite Power refinances Rs 800-crore loan

Electricity transmission firm Sterlite Power on Monday said HDFC Bank will prepay the existing loan of Rs 800 crore its for Gurgaon Palwal Transmission (GPTL) project.

“With this transaction, Sterlite Power has achieved a reduction of almost 300 basis points in the interest cost to be incurred by the project on a per annum basis,” the company said in a statement.