|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
Nov 21 (Basis Point) - Japan Bank for International Cooperation and Mizuho Corporate Bank have completed a US$135m loan for Jamshedpur Continuous Annealing & Processing Co Pvt Ltd, an Indian joint venture between Japan's Nippon Steel & Sumitomo Metal Corp and India's Tata Steel Ltd, JBIC said in a statement on Tuesday.
The loan was signed on Tuesday. JBIC is providing US$81m, while MCB and Bank of Tokyo-Mitsubishi UFJ are funding the remainder.
Funds are to manufacture steel plates in Jamshedpur which will be sold to Indian carmakers. (Reporting by Wakako Sato; Editing by Gavin Stafford)