TORONTO: Export Development Canada (EDC) has announced its $100 million participation in a 10-year two billion dollar syndicated loan for Reliance Industries Limited (RIL).
RIL will use the funds for a gas exploration and development project.
"EDC's business in India continues to expand as Canadian exporters find meaningful ways to grow their business in this opportunity rich market," Eric Siegel, President and CEO of RDC, Canada's largest export credit agency, said.
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Friday, August 10, 2007
RIL to get $100 mn loan from EDC for gas project
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