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 Bombay Stock Exchange (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.
