DVC signs a loan agreement worth Rs 7935.36 with PFC and REC

New Delhi: Damodar Valley Corporation (DVC) signed a loan agreement amounting Rs 7935.36 crores with PFC Limited and REC Limited for implementation of 2x660 MW Raghunathpur Phase-II project in West Bengal.

The agreement was signed in the presence of R N Singh, Chairman, Arup Sarkar Member (Finance), Dr John Mathai, Member (Secretary), M Raghu Ram, Member (Technical), Joydeep Mukherjee, ED (Finance) and Sumit Kumar Das, Sr. GM (Finance) from Damodar Valley Corporation and Rajiv Ranjan Jha, Director (Projects) from PFC and Pankaj Verma, CPM from REC Ltd.

Both PFC and REC extended their heartfelt congratulations to team DVC for continual effort towards business development and expressed their enthusiasm to be a part of the process. Chairman, DVC, in response, conveyed complete assurance towards seamless & timely execution of the project, maintaining absolute transparency in exchange of information.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)