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Ex-Im Bank approves $2.1 billion in loans and guarantees for Reliance's Jamnagar expansion

4:58 AM MST | December 5, 2012 | Natasha Alperowicz

The Export-Import Bank of the United States (Ex-Im Bank; Washington) has agreed to provide $ 2.1-billion worth of direct loan and loan guarantee to Reliance Industries to fund Reliance’s previously announced expansion plans at Jamnagar, India. The loans will help increase US exports to India, the bank says. The transaction is the single largest Ex-Im Bank has ever authorized for Reliance and includes extending a $1.06-billion direct loan plus a similar amount to guarantee J.P. Morgan Chase’s loan to Reliance for export of American goods and...

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