Bharat Forge-Alstom JV to Secure Financing
The joint venture between French power company Alstom and India’s Bharat Forge reported by FORGE in December 2009 seems to be on track. A source reported that the JV plans to sign a loan agreement next month for $271 million. At least seven financial institutions are reportedly involved in the 12-year loan deal, led by Indian institutions Axis Bank and ICICI Bank.
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