company has achieved financial closure by syndicating its long-term
funds requirement on limited recourse basis with a consortium
of Banks and FI. Loan documents for Rs. 1804 crores long term
funds have been executed.
The company after bringing in ADB (Asian Development Bank) as
a 5.2% shareholder, made an Initial Public Offer (IPO) of Rs.
261 crores representing 34.8% of the paid -up capital. The IPO
was successfully closed with a premium of Rs. 5.
The Company has also tied up its entire operational insurance
requirements with a consortium of Insurance Companies.