Jagatjit Industries gets Rs 180 cr loan

New Delhi: State-owned IREDA has sanctioned a term loan of Rs 180 crore to Jagatjit Industries Ltd, which the company will utilise to set up an ethanol facility in Punjab. The total project investment is approximately Rs 210 crore, Jagatjit Industries Ltd (JIL) said in a statement on Tuesday. “It has received a sanction of term loan of Rs 180 crore from Indian Renewable Energy Development Agency (IREDA). This capital is earmarked for the establishment of a...200 kilo litre per day grain-based ethanol distillery plant, over 25 acres in Hamira, Punjab,” the company said.