Reliance Industries Limited

Reliance Industries Limited - K-Sure Covered

Industry
Oil & gas/Gas - Midstream (Transportation)
Area of finance
Shipping Finance
Country
India

Deal Overview

Reliance Industries Ltd (RIL) has raised a term loan of $573 million to part finance the construction of six ships for transportation of ethane from the US. The VLECs are financed in a debt-to-equity ratio of 80:20. To part finance the construction cost of six new 87,000 cubic metre liquefied...

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Reliance Industries Ltd (RIL) has raised a term loan of $573 million to part finance the construction of six ships for transportation of ethane from the US.

The VLECs are financed in a debt-to-equity ratio of 80:20.

To part finance the construction cost of six new 87,000 cubic metre liquefied ethane/LPG carriers

The acquisition of these six VLECs is part of Reliance USD 1.7bn "Ethane Import Project" at the core of RIL refining new strategy involving construction of import terminal, pipeline connectivity, and the revamp of 3 target crackers. RIL has embarked on this project to secure the feed for its gas crackers, improve production cost position by diversifying feedstock and replacing oil linked feeds – propane and naphtha in existing crackers - and provide downstream capacity enhancement.  

 

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Deal Volume
$ 573m
Financial Close
26 October 2016
Sources
Press release, Article in other media, Submitted by participant(s)

All Dealmakers

Arnaud Cachard

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Rajesh Gupte

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SACHIT TEWANI

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Gerald  Chen

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John Dewar

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Steven Mulder

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Darryl Netto

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Colin Er

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Kunjal Modi

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Munib Hussain

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Ashutosh Singh

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Jonathan Roberts

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Sunny Sanctis

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Vineyesh Sawhney

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Partap Singh

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Nimesh Sachde

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Amy Chow

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Vivek Jain

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David Gore

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Abhinandan Shivashankarappa

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Zheng  Mao

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Angelique Tobie

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Rajiv Vishwanathan, CFA

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Manish Bajaj

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Ting Zhang

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Harshada Samant

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Shivani Singh

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Pulkit Bubna

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Libbrecht Bertrand

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Vaibhav Bajpai

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Ching Szuen Low

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Yun-Sun Jeong

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AMIT CHOKHANI

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Pooja  Pande

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Krishnakumar SV

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atit kapasi

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Mark Teng

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Arun Kumar

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Harrison Moskowitz

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Deva Priya Anand

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Subash Narayanan

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Siddhant Devendramita

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Geff Sze

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Digvijay Srivastava

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Manik Chhabra

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Kenneth Lam

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Kumondur Sriram Kumondur

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Sumanta Panigrahi

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Min Kyu Lee

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Darshan Mankad

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