GAIL to get $100 mn loan from Bank of Tokyo
GAIL to get $100 mn loan from Bank of Tokyo
New Delhi: State-run gas utility GAIL (India) Ltd has tied up a $100 million, five-year, term loan from Bank of Tokyo-Mitsubishi UFJ, the company said on Tuesday.
GAIL said the loans would be used to partly fund its ongoing expansion and new project requirements of about $9 billion.
GAIL had taken a term loan of $150 million from Bank of Tokyo-Mitsubishi UFJ in June this year.
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