Pipeline cos' to get infra lending tag
In a move that will help oil and gas companies laying pipelines, RBI on Friday expanded the definition of ‘infrastructure lending’, to include them.
By TNN |
MUMBAI: In a move that will help oil and gas companies laying pipelines, RBI on Friday expanded the definition of ‘infrastructure lending’, to include them.
Large corporates like RIL, GAIL and IOC are currently laying cross-country pipelines to carry gas and petroleum products to various parts of India.
As a result of the move, credit facilities sancti-oned by banks for projects involving laying down and/or maintenance of gas/crude oil/petroleum pipelines, will be improved.
Large corporates like RIL, GAIL and IOC are currently laying cross-country pipelines to carry gas and petroleum products to various parts of India.
As a result of the move, credit facilities sancti-oned by banks for projects involving laying down and/or maintenance of gas/crude oil/petroleum pipelines, will be improved.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
