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Tuesday, Jul 26, 2005

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Dabhol stake at Rs 150 cr

Our Bureau

Kolkata, July 25

SBI has contributed about Rs 150 crore to the equity base of the new-look Dabhol project, which is now officially called Ratnagiri Gas & Power.

ICICI and IDBI are two other institutional stakeholders, commanding a sizeable portion of the company's equity.

Mr Bhattacharya indicated that the bank hoped to see its NPAs decline to a more manageable level, especially with the Ratnagiri project taking off.

There was a possibility of scaling down the interest rate for the project as well.

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