Cabinet approves USD 183.2 million interest-free loan to revive 3 fertiliser units
Cabinet has approved a proposal to grant Interest Free Loan (IFL) worth USD 183.2 million for Gorakhpur, Sindri and Barauni projects of USD 61.5 million, USD 60.6 million and USD 61.2 million respectively to Hindustan Urvarak and Rasayan Limited (HURL) fertilizer projects. IFL shall be disbursed in first three years during construction. Repayment shall be spread over a period of 11 years with a moratorium period of three years of disbursement period during construction and the repayment phased over the next eight years.
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