Great Eastern Energy Corporation Limited (GEEC.L), an Indian Coal-Bed Methane company, Monday said it has singed with a consortium of Indian banks for Rupee term loan facility of approximately or INR 2,450 million or $45 million at a floating interest rate of approximately 13 percent per annum with a tenure of seven and a half years.
With the addition of this term loan facility, the total drawn facilities by the company, including the existing rupee term loan and ECB facility, is approximately $133 million, the company noted.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.