Breaking News

You are here » Indian-Commodity  :  Corporate  :  RIL gets $2.1 billion credit support from Ex-Im Bank


RIL gets $2.1 billion credit support from Ex-Im Bank

Reliance Industries (RIL) will be receiving $2.1 billion credit support as the board of Export-Import (Ex-Im) Bank has voted to extend the single largest financing transaction of $2.1 billion to the company. This includes a $1.06 billion direct loan and to guarantee a $1.06 billion JPMorgan Chase loan to the company.

The loan amount will be primarily used to finance goods and services procured from exporters and suppliers in the US as part of Reliance's expansion projects at Jamnagar.

RIL is India's biggest private sector company, and its operations range from oil and gas exploration and production to refining and petrochemicals.

Related News

View all news

Mahindra Holidays & Resorts India hikes stake in HCR to 83.20%

Mahindra Holidays & Resorts India (MHRIL), India's leading leisure hospitality provider, has completed the necessary formalities on September 02, 2015, for increasing its stake to 83.20% in Holiday......

Tata Motors' arm JLR unveils new Discovery Sport at Rs 46.10 lakh

Tata Motors' owned Jaguar Land Rover (JLR) India has launched its premium SUV --  Discovery Sport -- in India with a starting price of Rs 46.10 lakh (ex-showroom Mumbai). It will be available......

WABCO opens software engineering, business centre in Chennai

WABCO India has opened a new software engineering and business centre in Chennai. The new centre, spread over in 65,000 sq ft of area, will accommodate WABCO's business services team of around 110 professionals.......

Top News

View all news

Near-term growth prospects remain favourable in India: IMF

International Monetary Fund (IMF) in its report 'Global prospects and policy challenges', meant for the G20 meeting of finance ministers in Ankara has stated that near-term growth prospects remain favourable......

HDFC Bank, ITC, Infosys and Syngene International to see some action

HDFC Bank, India's second largest private bank, cut its base rate by 35 basis points to 9.35%, from the existing 9.70 percent, thereby making loans from the bank cheaper. Earlier in June, the bank had......

RBI governor finally buzzes to the demand, hints at rate cut

Reserve Bank of India (RBI) Governor Raghuram Rajan finally hinting for a rate cut has said that inflation has come down to the comfort zone quicker than expected and he is keeping a watch on......