You are here: Home » PTI Stories » National » News
Business Standard

PFC signs pact with MSEDCL for Rs 3,000 crore loan

Press Trust of India  |  New Delhi 

State-run Corporation (PFC) today said it has signed a loan agreement with State Electricity Distribution Co (MSEDCL) for financial assistance of Rs 3,000 crore.

This assistance will help MSEDCL meet its operational requirements within the working capital eligibility allowed under the UDAY scheme. The loan will help MSEDCL clear its outstanding power purchase liabilities also, PFC said in a statement.



The loan document was signed by S L Pimpalkhute, Director (finance), MSEDCL, in the presence of Rajeev Sharma, CMD, PFC.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

PFC signs pact with MSEDCL for Rs 3,000 crore loan

State-run Power Finance Corporation (PFC) today said it has signed a loan agreement with Maharashtra State Electricity Distribution Co (MSEDCL) for financial assistance of Rs 3,000 crore. This assistance will help MSEDCL meet its operational requirements within the working capital eligibility allowed under the UDAY scheme. The loan will help MSEDCL clear its outstanding power purchase liabilities also, PFC said in a statement. The loan document was signed by S L Pimpalkhute, Director (finance), MSEDCL, in the presence of Rajeev Sharma, CMD, PFC. State-run Corporation (PFC) today said it has signed a loan agreement with State Electricity Distribution Co (MSEDCL) for financial assistance of Rs 3,000 crore.

This assistance will help MSEDCL meet its operational requirements within the working capital eligibility allowed under the UDAY scheme. The loan will help MSEDCL clear its outstanding power purchase liabilities also, PFC said in a statement.

The loan document was signed by S L Pimpalkhute, Director (finance), MSEDCL, in the presence of Rajeev Sharma, CMD, PFC.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

PFC signs pact with MSEDCL for Rs 3,000 crore loan

State-run Corporation (PFC) today said it has signed a loan agreement with State Electricity Distribution Co (MSEDCL) for financial assistance of Rs 3,000 crore.

This assistance will help MSEDCL meet its operational requirements within the working capital eligibility allowed under the UDAY scheme. The loan will help MSEDCL clear its outstanding power purchase liabilities also, PFC said in a statement.

The loan document was signed by S L Pimpalkhute, Director (finance), MSEDCL, in the presence of Rajeev Sharma, CMD, PFC.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22