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G'varam to tie up funds by Aug

G'varam to tie up funds by Aug

Gangavaram Port expects to achieve financial closure for its Rs 1,200-crore capacity expansion project by August-end this year.

The company will be raising Rs 900 crore for the expansion project, the rest to be mobilised through internal accruals. It will raise the debt through a mix of borrowings from the Indian market and the external commercial borrowings (ECB) route.

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