Hudco approves Rs 2,000-crore credit line to NBCC for JIL bid

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NBCC submitted its revised bid to Hudco on May 22, with the approval of the ministry of housing and urban affairs (MoHUA). In a letter to Hudco, NBCC requested for a letter of comfort (LoC) for financing Rs 2,000 crore, as per the requirement of its revised resolution plan, a source said.

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