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Article: India: GMR Group achieves financial tie up of EMCO Energy Ltd.
- Article from:
- TendersInfo
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
GMR Infrastructure Ltd has announced that EMCO Energy Ltd, a subsidiary of Company's wholly owned subsidiary Company, GMR Energy Ltd, has achieved financial tie up on October 21, 2009 within a span of four months from its acquisition on July 24, 2009.
The total debt component of the project is Rs. 2,610 Crore (Rs. 26,100.0 million) or $555 million. Axis Bank is the ...