Gopalpur Port gets fin closure for phase I

The Gopalpur Port has announced financial closure for the first phase of its all-weather port project at Gopalpur in Orissa.

Written by fe Bureaus

May 13, 2010 00:16 IST

The Gopalpur Port (GPL) has announced financial closure for the first phase of its all-weather port project at Gopalpur in Orissa.

GPL managing director Mahimananda Mishra said the loan component of Rs 848.78 crore of the Rs 1,400 crore project has been syndicated by Punjab National Bank. The equity will be contributed by promoters and internal accruals, he added.

India Infrastructure Finance Corporation (IIFC) along with State Bank of India, Bank of India, State Bank of Travancore, Dena Bank, Oriental Bank of Commerce, Union Bank, United Bank of India, Indian Bank and UCO Bank have participated in the syndicate led by the Punjab National Bank.

This article was first uploaded on May thirteen, twenty ten, at sixteen minutes past twelve in the am.