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Sterlite Industries’ division raises funds for power venture

Tuesday, June 30, 2009 9:50 am
By ShareGyan.com NewsDesk

Sterlite Energy has been able to raise funds for its power venture being established in Orissa. The company is establishing a 2,400 Mega Watt power venture at Jhasurguda.
According to the reports, State Bank of India in a group of 19 banks has approved to offer a tenure loan of Rs.6, 150crore to the firm. The loan will comprise rupee and foreign currency constituent. The rupee loan will add in a variable interest rate and will be connected to State Bank of India’s advance rates.

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