Shareholder agreement for development of Noida Int l Airport inked prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
New Delhi [India], June 5 (ANI): The Yamuna International Airport Pvt Ltd (YIAPL) has received the final credit sanction for Rs 3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA), it said in a statement issued on Friday.
Read more about YIAPL secures financing from SBI for development of Noida Airport on Business Standard. YIAPL has received the final credit sanction for Rs 3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA), it said in a statement issued on Friday
Noida: The Jewar airport project is picking up steam, with the country’s largest public sector bank sanctioning over Rs 3,700 crore for the subsidiary of concessionaire Zurich Airport International to build and develop the greenfield airport. With the required funds in place, the foundation stone laying ceremony for the project can happen within a few weeks.
TOI had earlier reported that Yamuna International Airport Private Limited (YIAPL) would need Rs 5,730 crore for developing the first phase of the Jewar international airport project. The company wanted to fund the project while maintaining a debt to equity ratio of 65 to 35. So, while YIAPL will give Rs 2,005 crore, the additional Rs 3,725 crore will be provided by the State Bank of India (SBI). YIAPL CEO Christoph Schnellmann said: “We are delighted to partner with SBI for financing the development of Noida International Airport. The entire loan of Rs 3,725 crore has been underwritten by SBI on a door-to-door loan tenure
Yamuna International Airport Pvt Ltd secures financing from SBI for the development of Noida International Airport equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.