CMRL Issues LoA Worth INR 450 Crores to The SBI for Chennai Metro Phase 2Chennai Metro Rail Limited has secured a Rupee Term Loan of INR 450 crore from State Bank of India. This loan will be utilized for two key projects: INR 150 crore for the Phase-II Automatic Fare Collection (AFC) system between Koyambedu and Sipcot, and INR 300 crore for the procurement of...
more... 30 train cars for Phase-II. This marks the first time Chennai Metro has partnered with a domestic commercial bank for Phase-II funding.
Chennai Metro Rail Limited ne State Bank of India se INR 450 crore ka Rupee Term Loan liya hai. Is loan ka use do important projects ke liye hoga: INR 150 crore Phase-II Automatic Fare Collection (AFC) system, Koyambedu se Sipcot tak, aur INR 300 crore 30 train cars ko kharidne...
more... ke liye Phase-II ke liye. Ye pehli baar hai jab Chennai Metro ne Phase-II funding ke liye domestic commercial bank ke saath partnership ki hai.