TATA Steelm achives financial closure for Kalinganagar project

Tata Steel Ltd.has arranged about 350 billion rupees ($6.6 billion) from a consortium of Indian banks to fund the its second plant, which it is building in the town of Kalinganagar. It plans to produce 6.0 million tons of steel a year at the new factory

State Bank of India (500112.BY) and ICICI Bank Ltd. (532174.BY) are part of the consortium,

Source: Fox Business