Reliance Industries Ltd (RIL) on Wednesday said it is raising $550 million (around Rs.3,338.50 crore today) from a consortium of Japanese banks as part of the $8 billion capital expenditure programme it has planned for its petrochemicals business.The loan has been co-financed by Japan Bank for International Cooperation (JBIC) and a consortium of other Japanese banks led by Nippon Export and Investment Insurance (NEXI), said a press release issued by the company on Wednesday.

Source - http://www.livemint.com