GMR Group achieves fin closure of Kamalanga Energy
May 27th, 2009
The GMR Group has achieved financial closure of GMR Kamalanga Energy, which is a 1050 mw coal-based power project. The total cost of GMR Kamalanga Energy project is estimated at Rs 4,540 crore.
GMR Kamalanga Energy has tied up a debt of Rs 3,405 crore with 13 banks for a tenure of 16 years.