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US EXIM Bank Extends $2.1 Billion Credit To Reliance Industries Ltd-Business Standard

Wednesday, 5 Dec 2012 10:36am EST 

Business Standard reported that the US EXIM Bank will extend $2.1 billion credit to Reliance Industries Ltd ( RIL) to fund import of American goods and services in the latter’s expansion project in Jamnagar, the Company said in a statement. The Board of Ex-Im Bank has voted to extend the single largest financing transaction of $2.1 billion to RIL. This includes a $1.06 billion direct loan and to guarantee a $1.06 billion JPMorgan Chase loan to the Company. 

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