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FoxMandal advises Power Finance Corporation on deals worth 3 billion dollars

East Coast Energy Private Limited (ECEPL) has borrowed Rs. 6,570 crore ($1.46 billion) from the Power Finance Corporation Limited in order to execute the East Coast 1,320 MW coal based thermal power project in Srikakulam District in the State of Andhra Pradesh. In another power project deal which took place late June this year, Indiabulls borrowed Rs. 6,789 crore ($1.5 billion) from the Power Finance Corporation, in order to execute the 1,350 MW coal based thermal power project at Sinnar in Nashik District in the State of Maharashtra with an estimate of Rs. 5,092 crore ($1.13 billion). http://www.barandbench.com/brief/8/994/foxmandal-advises-power-finance-corporation-on-deals-worth-3-billion

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