AMRUT Water Supply Project Loan Prepayment
Sector: Government • Location: Nagpur, Maharashtra, India
Source: The Times of India
Nagpur Municipal Corporation (NMC) plans to prepay the remaining Rs14.77 crore loan taken for the AMRUT water supply project to improve its credit rating before raising funds for river pollution abatement projects. The loan was originally part of a Rs200 crore borrowing from Bank of Maharashtra in 2018, with Rs72 crore earmarked for the AMRUT water supply scheme. The prepayment aims to reduce inte
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Status
Original status | planned |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Description
Description | Nagpur Municipal Corporation (NMC) plans to prepay the remaining Rs14.77 crore loan taken for the AMRUT water supply project to improve its credit rating before raising funds for river pollution abatement projects. The loan was originally part of a Rs200 crore borrowing from Bank of Maharashtra in 2018, with Rs72 crore earmarked for the AMRUT water supply scheme. The prepayment aims to reduce interest burden and strengthen financial profile ahead of upcoming infrastructure funding. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
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Source
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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