Loan & Debt18 Oct 2025, 04:43 pm
GAIL (India) Ltd Executes SSU for Rupee Term Loan Facility of ~ Rs. 12,250 Crores to Talcher Fertilizer Limited (TFL)
AI Summary
GAIL (India) Ltd, along with other promoters, has executed a Sponsor Support Undertaking (SSU) for a Rupee Term Loan Facility of approximately Rs. 12,250 Crores to Talcher Fertilizer Limited (TFL). This SSU is a pre-requisite for the disbursement of the loan facility by TFL's lenders. GAIL is not a guarantor of the facility and has no financial implication in this transaction. The purpose of the loan is for the revival of FCIL’s Fertilizer unit by setting up a Coal Gasification based fertilizer plant at Talcher. This disclosure is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- GAIL (India) Ltd, along with other promoters, has executed a Sponsor Support Undertaking (SSU) for a Rupee Term Loan Facility of approximately Rs. 12,250 Crores to Talcher Fertilizer Limited (TFL).
- The SSU is a pre-requisite for the disbursement of the loan facility by TFL's lenders.
- GAIL is not a guarantor of the facility and has no financial implication in this transaction.
- The purpose of the loan is for the revival of FCIL’s Fertilizer unit by setting up a Coal Gasification based fertilizer plant at Talcher.
- This disclosure is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.