Trust investment-led investors put Rs 975 cr in GI hydro bonds

GI Hydro, which operates 110 mw hydro power projects in Sikkim, will use the proceeds to repay existing lenders, including REC Ltd and Edelweiss Asset Reconstruction Company, among others, the people said. The company had defaulted on loans in 2016 to the existing lenders and has proposed to repay their entire dues.

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