PFC signs loan agreement with MSEDCL for Rs. 3000 crore

PFC signs loan agreement with MSEDCL for Rs. 3000 crore

Power Finance Corporation Ltd. (PFC) signed loan agreement with Maharashtra State Electricity Distribution Co.  Ltd. (MSEDCL) for financial assistance of Rs. 3000 crore. 

This assistance will help MSEDCL meet its operational requirements within the working capital eligibility allowed under UDAY Scheme of Government of India. 

The loan will help MSEDCL clear its outstanding power purchase liabilities alsoThe loan document was signed by S.L. Pimpalkhute, Director (Finance), MSEDCL in the presence of Rajeev Sharma, CMD, PFC,  D. Ravi, Director (Commercial),  C. Gangopadhyay, Director (Projects), PFC and C. Gadre, CGM (Finance), MSEDCL.

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