Consortium Led by SBI Provides ₹31,802 Crore Loan to BPCL for Bina Project Financing

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January 16, 2025

Consortium Led by SBI Provides ₹31,802 Crore Loan to BPCL for Bina Project Financing

Bharat Petroleum Corporation Limited (BPCL) has secured a massive loan of Rs 31,802 crore from a consortium of lenders, headed by the State Bank of India, to fund its upcoming projects in Bina, Madhya Pradesh. The financing will support the development and expansion of a petrochemical complex and refinery in the region. Alongside SBI, other banks involved in the consortium include Punjab National Bank, Union Bank of India, Canara Bank, Bank of India, and Export-Import Bank of India. This financing move follows regulatory guidelines established by the Reserve Bank of India, which mandates that lenders maintain a reserve to mitigate losses during the project’s construction phase.

Original source:

https://www.ndtvprofit.com/business/sbi-led-consortium-lends-rs-31802-crore-to-bpcl-to-finance-project-in-bina

Consortium Led by SBI Provides ₹31,802 Crore Loan to BPCL for Bina Project Financing

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