GMR gets Rs. 1,330 crores loan from Axis Bank for developing Mopa airport

Posted on:10 Jul 2017 16:16:40
GMR gets Rs. 1,330 crores loan from Axis Bank for developing Mopa airport
10 July 2017 Current Affairs: Goa International Airports Limited, a subsidiary of GMR Airports has executed a debt facility agreement for the development of Greenfield airport at Mopa.

The entire debt of Rs. 1,330 crore was underwritten by Axis Bank on a long tenor door to door basis of 18 years on competitive terms.

The foundation stone for the project was subsequently laid by the Prime Minister, Narendra Modi, on November 13, 2016.

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