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GMR group achieves financial closure

CHENNAI: GMR group consortium — comprising of GMR Infrastructure Ltd. and GMR Energy Limited — has achieved the financial closure for the 73 km, Tindivanam - Ulundurpet Road project in Tamil Nadu. The capital cost of the project totalling to Rs. 795 crore has been met by way of equity and debt. The debt component of Rs. 596.25 crore, syndicated by ICICI Bank, has been tied up with ten bankers. The equity component is Rs. 198.75 crore.

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