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MAR 17 2017

PFC signs pact with power distributor MSEDCL for Rs 3,000 croreloan

  • Economic Times, ET Bureau / Hyderabad
  • Created: Fri 17th MAR 2017

 

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.

Tags

Maharashtra Maharashtra State Electricity Distribution Company Ltd Power Finance Corporation Finance Power Electricity

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