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PFC signs pact with power distributor MSEDCL for Rs 3000 crore loan

  • Psu Connect Date: 17-03-17

NEW DELHI: 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.

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