Highlighting the COVID-19 situation across the country, Chief Secretary Asit Tripathy said, “This extraordinary situation demands extraordinary approach in all fronts including the power sector, being the vital enabler for all other essential services” Bhubaneswar: Chief Secretary of Odisha government on Wednesday wrote to the Centre suggesting measures to ease the immediate burden of the […]
Power Finance Corporation, REC merger hits roadblock
In March 2019, PFC had completed acquisition of a majority stake in REC by transferring Rs 14,500 crore to the government with hope of merger of the two firms in 2019-20 NEW DELHI: The proposed merger of REC with state-owned shadow banking firm Power Finance Corporation has hit a roadblock and is not likely to […]
Power Finance Corporation raises $300 million loan from overseas
The loan has been jointly approved by State Bank of India, Hong Kong and MUFG Bank Ltd, Singapore. New Delhi: State-owned Power Finance Corporation Monday said it has raised USD 300 million (Rs 2,070 crore) loan from overseas. The loan has been jointly approved by State Bank of India, Hong Kong and MUFG Bank Ltd, […]