Tata's new greenfield six million tonne steel plant in Kalinganagar received a funding commitment of Rs. 22,800 crore from a consortium of 21 banks on May 22, the largest according to a global deal-tracking firm

Tata Steel Odisha’s Rs. 22,800 crore project financing loan is the largest project financing loan on record, according to the global deal-tracking firm Dealogic.

Tata Steel on May 22 said it has closed project financing for the project and it had recently gotten funding commitment from a consortium of 21 banks for Rs. 22,800 crore.

The new greenfield six million tonne steel plant in Kalinganagar is likely to be implemented in two phases of 3 million tonne each.

Meanwhile, India’s project financing loan volume stood at $ 14.7 billion in 2013 so far this year, up 13 per cent from $ 12.9 billion lent in the same period in 2012.

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