Reliance Power has achieved financial
closure for its 300 MW group captive power project being set up at Butibori near
R-Power has already tied up debt of over Rs 16,500 crore for its 4,000 mw Sasan Ultra Mega Power Project and second phase expansion of its 1,200 mw Rosa Power Project in Uttar Pradesh. For the Butibori Project, R-Power has tied up loans of over Rs 1,500 crore that represents 80% of the project cost of the first capacity of 300 MW. Axis Bank was the lead bank for the project financing, and the other banks and financial institutions, which signed the loan agreements for the expansion, include State Bank of India, Union Bank of India, United Bank of India, South Indian Bank, Syndicate Bank, UCO Bank, Allahabad Bank, Dena Bank, Life Insurance Corporation of India, Corporation Bank, Karur Vysya Bank and State Bank of Hyderabad.
The project would meet the power requirements of Butibori, Hingna and other industrial consumers across
Company Name | CMP |
---|---|
NTPC | 371.90 |
Tata Power | 441.70 |
Power Grid Corp | 325.45 |
Adani Power | 680.25 |
Torrent Power | 1422.00 |
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