State-owned Power Finance Corp today said it has sanctioned a loan of Rs 2,248 crore to Bhartiya Rail Bjilee Company for establishment of 1,000 MW Nabinagar Thermal Power Project at Aurangabad in Bihar.
Power Finance Corp (PFC) and Bhartiya Rail Bjilee Company Ltd (BRBCL), a joint venture of NTPC Ltd and Indian Railways, signed a loan agreement of Rs 2,248 crore, a company statement said.
The loan is for establishing 1,000 MW Nabinagar Thermal Power Project, in Aurangabad District of Bihar.
Total estimated project cost was worked out to Rs 5,332.50 crore and PFC’s sanction was 42 per cent of the estimated project cost, it said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app