Jas Infrastructure & Power Ltd., an Indian thermal power developer, signed a 59.2 billion rupee ($1.2 billion) loan.
The 15-year floating-rate facility, arranged by Axis Bank Ltd. (AXSB), attracted 11 lenders in syndication, Jas’s Chief Financial Officer, Rajesh Tulsiani, said in response to an e-mail from Bloomberg News today.
Proceeds from the loan will finance a 1,320 megawatt coal- based thermal power plant in the eastern Indian state of Bihar, Tulsiani said.
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