Gandhinagar: Sterlite Power, a leading power transmission developer and global products and services provider, today announced the successful refinancing of the Lakadia-Vadodara Transmission project loan within 12 months of the project becoming fully operational in January 2023. The new financing from HDFC Bank, IIFCL and Bank of Baroda will enable prepayment of the existing project loan of approximately INR 1840 crores.
The new refinancing secures a reduced interest rate of ~8.25% p.a.p.m, a...Read More