• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, May 7

IFC, private sector arm of the World Bank Group, today said it would provide a $50 million loan to Orissa-based cement manufacturer OCL India Ltd. The 10-year loan will help the company build and operate a new kiln line of 1.3 million tonnes per year at its existing cement plant site at Rajgangpur, IFC said in a statement.

Besides, it will also enable the company to set up a cement-grinding unit with nine lakh tonnes per year capacity at Kapilas, Cuttack district, Orissa, it said. In addition to providing long-term funds, IFC will advise the company on developing an integrated community development plan and adopting higher environmental, health, and safety standards, said IFC South Asia Regional Manager Mr Sujoy Bose.

More Stories on : Overseas Borrowings | Cement | RBI & Other Central Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Tata Sky objects to Turner's plea

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line