Board Meeting4 Jun 2024, 10:43 pm
NLC India Ltd. to Raise $600 Million via ECB, Seek External Assistance for Renewable Power Projects
AI Summary
NLC India Ltd. has announced a board meeting on 10th June 2024 to consider and approve various matters. The key agenda items include raising foreign currency loan through External Commercial Borrowings (ECB) up to 600 Million USD through the direct route, subject to RBI guidelines. The company also plans to seek external assistance from Multilateral Development Banks (MDBs) through the Department of Economic Affairs (DEA) for upcoming Renewable Power Projects.
Key Highlights
- NLC India Ltd. to raise $600 Million via ECB
- ECB to be raised through the direct route
- RBI guidelines to be followed for ECB
- Company to seek external assistance from MDBs for Renewable Power Projects
- Assistance to be sought through Department of Economic Affairs (DEA)