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Home: Italy's SACE guarantees $400 m loan given to Reliance Industries

Italy's SACE guarantees $400 m loan given to Reliance Industries

in
NetIndian News Network
Mumbai, February 4, 2012

 

Rome-based insurance and financial group SACE today said it had guaranteed a $ 400 million equivalent loan granted to petrochemical and oil & gas major Reliance Industries Limited (RIL).
 
The loan was granted to the Mukesh Ambani-led RIL for the expansion and upgrading of the production capacity of its petrochemical plants, a gasification plant and refinery off-gas cracker as part of an investment plan worth over $ 11 billion.
 
A press release from SACE said its guarantee would support the contracts for the supply of goods and services awarded to several Italian companies, especially SMEs.

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