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.