NFL Achieves Financial Closure For Energy Reduction Scheme Projects
2018-12-26 Investments and Borrowings Agriculture Northern India
National Fertilizers Limited (NFL) has singed rupee loan agreement with SBI for an amount of Rs.1 044 crore and has achieved financial closure for its Energy Reduction Schemes at Panipat, Nangal and Bathinda projects and other capex at various units with the total project cost of Rs.1160 crore. Rupee term loan has been sanctioned by SBI in debt: equity ratio of 90:10. The interest rate is linked to 1-year MCLR + spread of 0.15% basis for a door to door tenor of 12 years. The 1st drawal is expected by 31st December 2018.