AGP CGD India (AG&P CGD), a subsidiary of Singapore-based AG&P Group, has entered into Rs 518 crore Term Loan agreement with L&T Infrastructure Finance Company, a subsidiary of L&T Finance Holdings. These funds will be used to develop the City Gas Distribution (CGD) networks of AG&P CGD in Jodhpur, Barmer and Jaisalmer in Rajasthan and Ramanathapuram in Tamil Nadu.
AG&P CGD holds the exclusive licenses to build CGD networks to sell natural gas in these two Geographic Areas (GAs) in addition to ten other GAs across India. These networks are being developed to connect millions of people to compressed natural gas (CNG) for their vehicles and piped natural gas (PNG) for their homes and businesses.
L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.
Company Name | CMP |
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Bajaj Finance | 7107.00 |
Shriram Finance | 2369.85 |
Aditya Birla Capital | 200.80 |
SBI Cards AndPayment | 729.70 |
Chola Invest & Fin. | 1129.00 |
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