Companies

REC, NTPC arm sign loan pact

Our Bureau New Delhi | Updated on January 09, 2018 Published on November 15, 2017


Rural Electrification Corporation and Patratu Vidyut Utpadan Nigam Ltd have signed a loan agreement for establishing the 3x800 MW Patratu Super Thermal Power Project Phase-I in Jharkhand. An REC statement said that the project cost of ₹18,668 crore is funded in debt:equity ratio of 75:25 and ₹14,000 crore. This entire debt component of the project is sanctioned by REC as sole lender for the project. PVUNL is a subsidiary of NTPC holding 74 per cent stake in the company. Our Bureau

Published on November 15, 2017
This article is closed for comments.
Please Email the Editor