RBI approves $87,341,866 worth ECBs

In February, the Reserve Bank of India has approved external commercial borrowings (ECBs) worth $87,341,866 of 14 entities, with maturity period ranging from 3.9 years to 10 years.

While Renualt India Pvt Ltd’s new project was approved ECB worth $22,362,860 with five years maturity period, Cadila Healthcare Limited was given nod for $20,000,000 ECB for its modernisation, with five years as maturity period.

The other companies whose ECBs were cleared were Rohan BRC Gas Equipment Pvt Ltd, Zera India Pvt Ltd, Arvos Energy India Pvt Ltd, Plasser (India) Pvt Ltd, Takahta Precision India Pvt Ltd and Bestech Hotels Pvt Ltd.

Also in the list are Toyal MMP India Pvt Ltd, KGK Jet India Pvt Ltd, Biogenomics Ltd, Rockhopper Renewables Pvt Ltd, LMT (India) Pvt Ltd and Durlum India Pvt Ltd.

Image Credit : arvos-group.com

Research Desk

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Piyush Goyal dedicates 4 wind power plants to nation


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