Reliance back for big-ticket ECA debt

In the last decade, Reliance Industries has raised nearly $13 billion of ECA finance from a range of 14 OECD ECAs — making it one of the most prolific borrowers in the market. TXF spoke with Reliance's VP Vineyesh Sawhney about the company's project pipeline; its plan to tap the ECA market to finance those projects; its wish list for the industry; its approach to dealmaking and how ECA debt currently compares to other solutions available to Reliance.