Mr. S. Dutta informed the Committee that Simplex Infrastructures L.LC, Sultanate of Oman, a subsidiary of the Company, had approached Muscat Finance (SAOC), PO Box No. 108, Ruwi , Sultanate of Oman for a lease financing facility of RO 300.000 (equivalent to INR 5,16.94,800 approximately at the prevailing exchange rate of INR 172.316 per unit of OMR). He further stated that Muscat Finance has in principle agreed to sanction the said facility on the terms and conditions as may be mutually agreed and against a Corporate Guarantee from the Company for the same /amount of RO 300,000. He suggested that the said facilities may be availed by Simplex LLC/and the Corporate Guarantee of OMR 300.000 may be issued and necessary facility documents be executed by the Company.