Corporate News     19-Jan-22
K P I Global Infrastructure undertakes financial restructuring for Rs 178 cr
K P I Global Infrastructure announced that the company had earlier availed the financial assistance of Rs. 193.50 from Power Finance Corporation (PFC), New Delhi, towards (i) part financing of 25 MWdc Solar power project; (ii) Refinancing of the existing 15.35 MW de Solar power project; and (iii) Setting up of new 20 MWdc Solar power project developed by the Company under IPP segment at Bharuch, Gujarat, which is now being entirely taken over by State Bank of India (SBI), Surat.

The Company has accepted the sanction letter for the takeover of aforesaid entire financial assistance amounting to Rs. 178 crore received form State Bank of India (SBI), Surat. It is pertinent to note that the aforementioned financial assistance availed from PFC was at the average interest rate of 11.30% p.a., which shall be substantially reduce to 7.45% p.a. post takeover by SBI. Therefore, the Company shall avai1 immense financial benefit in the Rate of Interest through this financial restructuring.

Previous News
  KPI Green Energy announces board meeting date
 ( Corporate News - 09-Oct-23   09:49 )
  KPI Green rises on bagging 4.2 MW solar power projects
 ( Hot Pursuit - 09-Oct-23   10:34 )
  Patel Engineering Ltd leads losers in 'A' group
 ( Hot Pursuit - 30-Apr-24   15:00 )
  KPI Green Energy hits the roof on bagging 100MW solar power project
 ( Hot Pursuit - 18-Mar-24   10:09 )
  KPI Green Energy wins 4.20 MW solar power project
 ( Corporate News - 09-Oct-23   11:16 )
  KPI Green Energy receives new orders for 4.40 MW solar power under CPP segment
 ( Corporate News - 02-Dec-23   15:49 )
  KPI Green gains after arm bags 1.80 MW solar power projects
 ( Hot Pursuit - 22-Dec-23   13:04 )
  K.P.I. Global Infrastructure to conduct AGM
 ( Corporate News - 01-Sep-21   15:51 )
  K P I Global spurts after signing long term agreement with GHCL
 ( Hot Pursuit - 08-Oct-21   09:38 )
  KPI Green Energy consolidated net profit rises 46.87% in the December 2023 quarter
 ( Results - Announcements 14-Feb-24   15:50 )
  KPI Green hits record high on receving commissioning certificates from GEDA
 ( Hot Pursuit - 08-Jun-23   10:44 )
Other Stories
  Board of Delhivery approves alteration in capital clause of MoA
  05-Jul-24   19:32
  J B Chemicals & Pharmaceuticals appoints director
  05-Jul-24   19:30
  Infosys announces resignation of senior management personnel
  05-Jul-24   19:22
  JLR Q1 FY25 retail sales up 9% on YoY basis
  05-Jul-24   19:08
  Bajaj Auto launches world's first CNG motorcycle 'Freedom'
  05-Jul-24   18:59
  Agenda for board meeting of Power Grid Corporation of India
  05-Jul-24   18:46
  Board of Bank of Baroda approves raising additional capital up to Rs 7,500 cr in FY25
  05-Jul-24   18:06
  Vipul to hold board meeting
  05-Jul-24   17:15
  Markobenz Ventures to convene board meeting
  05-Jul-24   17:15
  Dhanashree Electronics to declare Quarterly Result
  05-Jul-24   17:15
Back Top