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REC enters into MoU with Maharashtra State Power Generation Company

Capital Market 

For extending financial assistance of Rs 13000 cr

Rural Electrification Corporation has entered into Memorandum of Understanding (MoU) with Maharashtra State Power Generation Company (MAHAGENCO) for extending financial assistance to the tune of Rs. 13,000 crore and for providing required services.

The above MoU is non-binding in nature and the financial assistance is subject to appraisal of the proposal(s) to be submitted by MAHAGENCO to REC and approval of Competent Authority.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, August 26 2017. 12:12 IST