PFC signs pact with MSEDCL for Rs 3,000 crore loan

NEW DELHI: State-run Power Finance Corporation (PFC) today said it has signed a loan agreement with Maharashtra State Electricity Distribution Co (MSEDCL) for financial assistance of Rs 3,000 crore.

This assistance will help MSEDCL meet its operational requirements within the working capital eligibility allowed under the UDAY scheme. The loan will help MSEDCL clear its outstanding power purchase liabilities also, PFC said in a statement.

The loan document was signed by S L Pimpalkhute, Director (finance), MSEDCL, in the presence of Rajeev Sharma, CMD, PFC.