PFC completes successful resolution of 120 MW Rangit-IV HEP of Jal Power Corporation Ltd, handover to NHPC PSU NEWS

PFC has a long-standing relationship with NHPC Ltd and this will facilitate in further strengthening the relationship between the two entities.

 

PFC completes successful resolution of 120 MW Rangit-IV HEP of Jal Power Corporation Ltd, handover to NHPC

 

New Delhi:  Power Finance Corporation (PFC) as lead FI and PNB as co-lender of the consortium, completes successful resolution of a stressed asset – 4x30 MW Rangit-IV HEP of Jal Power Corporation Ltd (JPCL) and handed over the project to NHPC Ltd on 31.03.2021. The handing over process was completed in the august presence of Shri Ravinder Singh Dhillon, CMD (PFC), Shri P.K. Singh, Director (Commercial) & additional charge Director (Projects) PFC, Smt. Parminder Chopra, Director (Finance) PFC, Smt. Simmi R Nakra, CVO (PFC), Shri. Rajendra Prasad Goyal, Director (Finance) NHPC, Shri. Biswajit Basu, Director (Projects), NHPC, Shri. Amit Jain, Resolution Professional (RP) and other senior officials from PFC, NHPC Ltd & PNB.      
     

With this successful transfer of the stressed asset to NHPC, a new lease of life is expected to be ushered in the project. NHPC Ltd is a leading CPSE for hydropower development in India. PFC has a long-standing relationship with NHPC Ltd and this will facilitate in further strengthening the relationship between the two entities.



Posted Date :  31-03-21

Categories : PSU NEWS

Tag Cloud: PSU NEWS

Similar news

Mr. Ravi Pratap Singh, ED-HSSE, superannuates today

New Delhi: Mr. Ravi Pratap Singh, Executive Director (HSSE), superannuates today after more than 36  years of exemplary service. During his journey with BPCL, he headed the Engg. & Projects and later HSSE.  He was instrumental in leading his team for the construction of cryogenic LPG i
Posted Date :  31-07-21

Read more

BEL conducts Session on Vendor Development during CII–ISDA 2021

New Delhi: Bharat Electronics Limited (BEL), a Navratna Defence PSU under the Ministry of Defence, Government of India, conducted a Technical Session on Vendor Development during the “Indigenization Summit on Defence & Aerospace (ISDA-2021). The summit is being organized by the Confeder
Posted Date :  31-07-21

Read more

BPCL, Director-Finance Shri N. Vijayagopal superannuates today

New Delhi: Mr.  N. Vijayagopal, Director (Finance) superannuates today after an illustrious and distinguished career lasting more than 34 years, which started from Kochi Refinery.   BPCL mentioned, "We thank him for carrying the financial batten of a company in its most challeng
Posted Date :  31-07-21

Read more

NBCC bags 'Governance Now Best PSU Award for Nation Building'

New Delhi: NBCC shines yet again by winning the prestigious “Best PSU Award in Nation Building category” at the Governance Now 8 the PSU Award ceremony held virtually on July 29, 2021. Dr. Kiran Bedi, Former Governor of Puducherry presented the Award that was received by Shri PK Gupta, C
Posted Date :  30-07-21

Read more