Reliance Infrastructure has received an approval for raising of long term resources through external commercial borrowings (ECBs), foreign currency convertible bonds, and rupee term loans / NCDs, up to Rs 2,500 crore. The funds raised will be used for refinancing and extending maturities of higher cost rupee debt and/or other approved end uses. The board of directors at its meeting held on October 09, 2013 has approved for the same.
Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.
Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.
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