Petronet LNG signs Rs 12,000 crore loan for petrochemicals project
PETRONET · price
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Petronet LNG has signed a secured Rupee Term Loan agreement for Rs 12,000 crores with SBI and Bank of Baroda (Rs 6,000 crore each). The funds will finance a new petrochemicals complex at Dahej, Gujarat — a 750 KTPA Propane Dehydrogenation plant and 500 KTPA Polypropylene unit — plus other capex.
Large new debt of Rs 12,000 crores for major petrochemicals expansion; secured against project assets, signals growth capex.