|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
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)