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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.

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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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