GAIL presents its whopping borrowing plan
Friday, January 30, 2009 2:35 pmBy ShareGyan.com NewsDesk
GAIL India has brought forth its borrowing plan worth $134 million from the US Export Credit Agency (ECA) to finance shortened capital expenses assigned for 2009-10 financial year. The financing from the US ECA will charge lower than 8% in interest load.
GAIL is expected to splurge Rs.5,500 crore for the upcoming financial year as opposed to the earlier approximation of Rs.7,000 crore on slower growth of its pipeline set-up and lessen expenses on discovery.
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