Rs 10,000 Crore Lic Aid For Core Sector Firms

The Life Insurance Corpor-ation, which has nearly Rs 250,000 crore funds under management, will extend about Rs 10,000 crore assistance to the National Highways Authority of India (NHAI), National Thermal Power Corporation (NTPC) and National Hydroelectric Power Corporation (NHPC) as part of its infrastructure sector funding initiative.

The state-owned insurer, however, is not too keen to participate in the Rs 1,000-crore Infrastructure Equity Fund, announced in this year