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Telangana: Banks extends financial support to complete Kaleswaram Project

Hyderabad (Telangana) [India]: Several banks on Thursday extended their financial support to the Telangana Government to complete the Kaleswaram Project.

The consortium of banks led by Andhra bank, estimated the costs at Rs. 7,400 crore for competition of first phase of project.

The Andhra Bank has expressed its willingness to give Rs. 1300 crore, which is it’s share, as loan.

Andhra Bank Managing Director Suresh Patel formally handed over the acceptance letter in this regard to Telangana Chief Minister K. Chandrashekhar Rao today.

Apart from this the Andhra Bank is also providing Rs. 1935 crore for Mission Bhagiratha, Rs. 1000 Crore for Civil Supplies Department, Rs. 235 crore for Hyderabad Metro Rail project and for Seed Development Corporation. (ANI)