Investment10 Dec 2025, 06:01 pm
Petronet LNG Ltd Secures Rs. 12,000 Crore Loan from SBI and Bank of Baroda for Petrochemicals Project
AI Summary
Petronet LNG Ltd has executed a loan agreement with State Bank of India (SBI) and Bank of Baroda for a Rupee Term Loan (RTL) facility of Rs. 12,000 crore. The loan will be utilized for financing the Petrochemicals Project of 750 KTPA of Propane Dehydrogenation (PDH) and 500 KTPA of Polypropylene (PP) including propane and ethane handling facilities at Dahej, Gujarat and other capital expenditure of the Company. The loan agreement was signed on 10th December 2025.
Key Highlights
- Petronet LNG Ltd secures Rs. 12,000 crore loan from SBI and Bank of Baroda
- Loan to be utilized for financing the Petrochemicals Project and other capital expenditure
- Project includes 750 KTPA of Propane Dehydrogenation (PDH) and 500 KTPA of Polypropylene (PP)
- Loan agreement signed on 10th December 2025
- Secured Rupee Term Loan with first pari-passu charge by way of hypothecation over all movable properties and assets