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DISCOMS LIQUIDITY PACKAGE
Discoms' overdues fall to Rs 74,000 crore in March after release of second tranche of liquidity packageIn May 2020, the government announced Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economi...- Private power cos to get Rs 40,000 crore liquidity boost: CrisilThe scheme comes as a big relief for power generators as state discoms have been delaying payment due to their weak financial position and ...
- Private thermal power companies get Rs 40,000-crore liquidity boost: ReportThese two measures can help them with a liquidity support of Rs 40,000 crore, improving their overall credit profiles, Crisil said in a rep...
- Discoms liquidity infusion: Tamil Nadu tops chart of states with Rs 30,000 crore sanctioned loanThe southern state is followed by Uttar Pradesh and Maharashtra, with their state discoms being sanctioned loans of Rs 20,940 crore and Rs ...
- Loans worth Rs 1.18 lakh crore sanctioned under discom liquidity package"The company and its subsidiary REC Ltd, upto October 31, 2020, has sanctioned an amount of Rs 1,18,273 crore respectively under this schem...
- Rs 1.08 lakh crore worth loans sanctioned under discom liquidity package"Till date, REC and PFC (Power Finance Corporation) have sanctioned Rs 1.08 lakh crore and released nearly Rs 30,000 crore to discoms under...
- Tamil Nadu seeks Rs 31,000 cr under Atmanirbhar Bharat to pay power billsThe state ranks lowest in the country's discoms ratings and is among the large defaulting power consumers. It hasn't raised its tariffs in ...
- Over Rs 70K crore worth of loans sanctioned to discoms under liquidity package: GovernmentFinance Minister Nirmala Sitharaman in May this year had announced a Rs 90,000 crore liquidity infusion into cash-strapped discoms for clea...
- Discoms' liquidity package set for hike at Rs 1.2 lakh crore this monthFinance Minister Nirmala Sitharaman in May announced a Rs 90,000 crore liquidity infusion into cash-strapped discoms for payment of their d...
- Centre urged to hold back funds to Andhra Pradesh discoms until dues clearedThe Confederation of Indian Industry (CII) has urged the central government to not release more funds to Andhra Pradesh from the Rs 90,000 ...
- Power Ministry asks plants to charge late fee at less than 12% per annum“In general, the applicable rate of Late Payment Surcharges (LPS) is quite high despite the fact that interest rates in the country have so...
- CCEA extends liquidity infusion scheme to cover discom dues till June 30Currently, banks and financial institutions can lend only 25% of a discom’s revenue in the previous year for working capital.
- Rs 68K crore of loans released under discoms liquidity packageThe loans under the package will be co-funded by PFC and REC in equal proportion. The loans would be sanctioned in two equal tranches. The ...
- Punjab, UP, Rajasthan, evince interest in taking loans to pay gencos: New PFC CMDThe company needs to explore new areas of financing such as charging infrastructure and electric vehicles, renewable energy sources with su...
- PFC & REC to offer 10-year loans to state discoms at 9.5%A senior government official said that PFC and REC have fixed interest rates under the liquidity package at 8.75% for three-year loans, 9% ...
- Rs 90,000 crore package to provide only temporary relief to discoms: IndRaFinance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 cror...
- Green companies see ₹90,000-crore discom package boosting businessRenewable energy companies expect a boost to their business as well from the ₹90,000 crore liquidity support the government announced on We...
- PFC, REC to approach discoms; offer 7-10 year loans with moratoriumThe package, announced by finance minister Nirmala Sitharaman on Wednesday, aims to help the power sector tide over an unprecedented cash c...
- Cabinet likely to okay package for power discoms reeling under revenue loss in lockdownThe Union Cabinet is likely to approve next week a package for discoms reeling under revenue loss due to lower power demand amid the corona...
- Govt working on package to offer loans to state distribution companiesThe government is working on a package to offer loans to state power distribution companies to help them clear dues of electricity generati...
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