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Wednesday, Dec 22, 2004

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RIL borrows 116 m euros for expansion

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MUMBAI: Reliance Industries Ltd on Tuesday said it has borrowed 116.2 million euros through Deutsche Bank for refinancing equipment imports for expansion at its Hazira and Patalganga petrochemical units.

The loan is in two parts. One tranche of 103.5 million euros has a tenure of 10.5 years and another of 12.7 million euros is repayable in nine years, according to a news release.

More Stories on : Overseas Borrowings | Petrochemicals

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