DVC signs loan agreement with PFC & REC

Damodar Valley Corporation signed a Loan Agreement amounting ₹7935.36 crores with PFC & REC Ltd. for implementation of 2x660MW 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) & Sumit Kumar Das, Sr. GM (Finance) from Damodar Valley Corporation and Rajiv RanjanJha, Director (Projects) from PFC and Pankaj Verma, CPM from REC Ltd. Both PFC & REC extended their heartfelt congratulations to Team DVC for continual effort towards business development & 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.