FINANCING

The company has achieved financial closure by syndicating its long-term funds requirement on limited recourse basis with a consortium of Banks and FI. Loan documents for Rs. 1804 crores long term funds have been executed.

The company after bringing in ADB (Asian Development Bank) as a 5.2% shareholder, made an Initial Public Offer (IPO) of Rs. 261 crores representing 34.8% of the paid -up capital. The IPO was successfully closed with a premium of Rs. 5.

The Company has also tied up its entire operational insurance requirements with a consortium of Insurance Companies.


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