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
Funds are to manufacture steel plates in Jamshedpur which
will be sold to Indian carmakers.
(Reporting by Wakako Sato; Editing by Gavin Stafford)