MOU
PFC to help for reconstruction and restoration of Kedarnath town
New Delhi: Power Finance Corporation (PFC), India's leading NBFC, signed an MoA with Shri Kedarnath Utthan Charitable Trust, Govt. Of Uttarakhand (SKUCT) for the reconstruction and restoration of Kedarnath town and its surrounding areas. Under the MoA, PFC will provide financial assistance of Rs. 25, 96, 50,498 (Rupees Twenty Five Crore Ninety-Six Lakhs Fifty Thousand Four Hundred and Ninety-Eight) to SKUCT.
The agreement was signed on 8th June 2020. Shri. M.Prabhakar Das, Chief General Manager (CSR&SD), PFC and Smt. Ila Giri, Additional Resident Commissioner, Uttarakhand (on behalf of SKUCT) signed the agreement on behalf of respective organisations.
The objective of the pact is to reconstruct and restore the infrastructure of Kedarnath town and its surrounding areas, which includes constructing new infrastructure along the Saraswati Edge along with construction of the Civic Centre, Interpretation Centre and Museum. The project will also include the construction of Rain Shelter at Sonprayag and Security Gateway at Gaurikund.
News Must Read
- RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
- Coal India Production rises by 7 percent in April
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer
- GE Power received orders from two state-owned PSUs and one JV entity
- SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
- BHEL enters into Strategic Partnership Agreement with HIMA for Railway Signalling Business
- SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)
- Nilendu Kumar Singh assumes charge of CMD, CCL
- IndianOil Q4 Results: Profit plunges 52% YoY to Rs 4,838 crore