Hospet-Chitradurga tollway road project achieves financila closure

Ramky Infrastructure Ltd has achieved financial closure for the Rs 1,103-crore Hospet-Chitradurga tollway road project coming up in Karnataka.

The company closed finances through debt syndication of Rs 830 crore to execute the road project.

An agreement to this effect was signed between the Hospet-Chitradurga Tollways Ltd, a special purpose vehicle formed to undertake the project and consortium of bankers, led by Axis Bank Ltd.

Source: HBL