12 April 2012
Car giant Jaguar Land Rover has secured a loan of £175 million from the State Bank of India.
The firm, which employs 14,500 workers in the UK, said it had been making "significant progress" in enhancing its funding facilities.
A total of £500 million has now been completed this year, including facilities secured earlier in the year from Standard Chartered Bank, Bank of Baroda, and Burdale Financial Limited, a subsidiary of the Bank of Ireland.
Jaguar Land Rover chief financial officer Kenneth Gregor said: "We are pleased our funding plans are progressing and appreciate the confidence shown by our banking partners in our business."
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