Hyderabad, February 10: The Telangana Government has accorded permission to the Kaleshwaram Irrigation Project Corporation Limited to borrow Rs. 7,400/- as term loan from the consortium of 10 nationalized commercial banks for implementation of part of Link-I of Kaleshwaram Project (Medigadda barrage on Godavari river to Sripada Yellampally Project).
A joint meeting of officials of State Government of Telangana and Bankers was held on February 7 to discuss about the sanctions made by banks for M/s Kaleshwaram Irrigation Project Corporation Limited to finance part of Link-1 of the Kaleshwaram Project and for Financial Closure, documentation and disbursement. All the member banks agreed that Andhra Bank would be lead bank of the consortium.
Loans for Kaleshwaram Project (In Crores) |
|
Andhra Bank |
1300 |
Canara Bank |
1000 |
Corporation Bank |
1000 |
Oriental Bank of Commerce |
1000 |
Indian Bank |
750 |
Vijaya Bank |
600 |
Punjab & Sind Bank |
500 |
Dena Bank |
660 |
Union Bank of India |
350 |
United Bank of India |
240 |
Total |
7400 |
The State Government gave unconditional and irrevocable guarantee for the repayment of principal and interest for loan.