Comments
Power Finance Corporation Ltd (PFC) has sanctioned Rs 1,350.69-crore financial assistance to Bihar Grid Company Ltd (BGCL).
A company statement said that this is for the construction of 16 transmission lines, 4 associated sub-stations and 7-line bay extension works in Bihar. The estimated cost of the project is Rs 1,688.36 crore which is proposed to be funded in a debt-equity ratio of 80:20. The project is expected to be commissioned by July 2021.
BGCL is a joint venture company of Power Grid Corporation of India Ltd and Bihar State Power (Holding) Company Ltd incorporated to develop the intra-state transmission system in the State.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.