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Posted on Dec 06, 01:59PM | UNI
Mukesh Ambani Controlled Reliance Industries Limited (RIL), India's biggest private sector company, said it will be receiving USD 2.1 billion credit support from Export-Import Bank, as the board of the Bank has voted to extend the single largest financing transaction.
This includes a USD 1.06 billion direct loan and to guarantee a USD 1.06 billion JPMorgan Chase loan to the company.
This was indicated in a filing to BSE last evening, The loan amount will be primarily used to finance goods and services procured from exporters and suppliers in the US as part of Reliance's expansion projects at Jamnagar , Gujarat.