Begin typing your search above and press return to search.
exit_to_app
exit_to_app
Homechevron_rightBusinesschevron_rightFederal Bank sanctions ...

Federal Bank sanctions Rs 500-cr term loan to CIAL

text_fields
bookmark_border
Federal Bank sanctions Rs 500-cr term loan to CIAL
cancel

Kochi: Federal Bank has sanctioned a term loan of Rs 500 crore to Cochin International Airport Ltd (CIAL) for the construction of the new International terminal.

The private lender has been partnering the growth of Cochin international Airport from its inception, a press release here said.

The New International Terminal, coming up next to the existing airport complex, would enhance the traffic handling capacity of the airport to meet its future requirements.

The agreement for the Rs 500 Crore Term Loan facility was signed by V J Kurian, Managing Director of CIAL, and Shyam Srinivasan, MD & CEO of Federal Bank, in the presence of senior executives of CIAL and Federal Bank, at a ceremony held at the airport Friday.

Show Full Article
TAGS:
Next Story