Loans worth Rs 1,080 billion sanctioned to discoms under liquidity scheme

REC and Power Finance Corporation (PFC) have sanctioned Rs 1,080 billion of loans under the liquidity package for stressed power distribution utilities.

In addition, REC has sanctioned Rs 27.90 billion loan to Jammu Kashmir Power Corporation Limited (JKPCL) under the scheme. Recently, the agreement was signed between the Government of Jammu & Kashmir, JKPCL, REC and PFC.

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