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Reliance Industries News

RIL raises USD 2 billion
Reliance Industries Limited (RIL) on Wednesday announced it has signed a US$ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland AG. ("Euler Hermes") on Monday at Berlin, Germany.The loan will be primarily used to finance goods and services procured from German suppliers as part of RIL´s petrochemicals expansion projects at Jamnagar, Hazira, Silvassa and Dahej in India.