Bajaj Hindusthan Repays ECB Of $80 Million (03-Feb-2012)
Bajaj Hindusthan has repaid the external commercial borrowings (ECB) of Yen 9,191,200,000 or $80 million in form of syndicated term loan facility, which was raised in 2006-07 for the purpose of financing the capital expenditure. The company has repaid in full on its due date January 27, 2012 upon completion of its average maturity of 5 years.
Bajaj Hindusthan, a part of the 'Bajaj Group', is one the largest sugar manufacturing companies in Asia, and also the largest industrial alcohol manufacturers in India. It is engaged in sugar manufacturing, distillery operations and bagasse-based power generation. It has 14 sugar plants in Uttar Pradesh with cane crushing capacity of 1.36 lakh TCD (tonnes crushed per day).
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