DVC, PFC & REC Signs Loan Agreement

New Delhi: On 24th August 2023, Damodar Valley Corporation, signed a Loan Agreement amounting Rs 7935.36 crores with PFC & REC Ltd. for implementation of 2x660MW Raghunathpur Phase-II project in West Bengal.

The agreement was signed in the presence of Shri R.N.Singh, Chairman, Shri Arup Sarkar Member (Finance), Dr. John Mathai, Member-Secretary, Shri M. Raghu Ram, Member (Technical), Shri Joydeep Mukherjee, ED (Finance) & Shri Sumit Kumar Das, Sr. GM (Finance) from Damodar Valley Corporation and Shri Rajiv Ranjan Jha, Director (Projects) from PFC and Shri Pankaj Verma, CPM from REC Ltd.
 

Both PFC & REC extended their heartfelt congratulations to Team DVC for continual effort towards business development & expressed their enthusiasm to be a part of the process. 

Chairman, DVC, in response, conveyed complete assurance towards seamless & timely execution of the project, maintaining absolute transparency in exchange of information.