Reliance Industries inks agreement for US$400 mln from JPMorgan

12-Dec-08
Reliance Industries Ltd. has signed an agreement for a US$400 mln financing facility from JPMorgan. The 11-year facility will help Reliance buy equipments from 17 suppliers in the United States, and is guaranteed by the Export-Import Bank of the United States. Reliance, India's biggest private sector oil refiner and the largest petrochemical producer, has raised over US$2.5 bln over the last four months to support its capital expenditure program.
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