Electrosteel achieves financial closure for Bokaro plant
Electrosteel Castings Limited's associate company Electrosteel Integrated Limited has achieved financial closure for its INR 4,956 crore integrated steel project at Bokaro in Jharkhand.
IL&FS were the financial advisors and sole arrangers for project financing and a consortium of banks and financial institutions has arranged debt financing.
Electrosteel Integrated Limited would set up a plant with a capacity of 1.3 million tonnes per annum, which would manufacture long products and ductile iron pipes.
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