RIL secures $400 loan for its expansion plans

Reliance Industries has secured a $400 million equivalent loan from Italian export credit agency SACE SpA, for expansion of its petrochemical capacity.

SACE has guaranteed a $400 million equivalent loan granted for the expansion and upgrading of the production capacity of its petrochemical plants, a gasification plant and refinery off gas cracker as part of an investment plan in India worth over USD 11 billion.