June 29, 2012.The Gujarat State Petronet Ltd (GSPL), led joint venture-GSPL India Transco Ltd (GITL)- announced financial closure for its '7,255 crore Mallavaram -Bhopal-Bhilwara-Vijaipur 1,738-km-long pipeline project. GITL, signed an agreement for syndicating loan of '5,080 crore with a consortium of 14 banks for the pipeline project, which was facilitated by SBI Capital, lead managers for the project. The stipulated time-frame for project completion is by July 2014. The debt to equity ratio for the projects is 70:30. The pipeline will have initial capacity of 56 mmscmd which can go upto 76 million meteric standard cubic metre per day (mmscmd).