MoneyWorks4Me

REC enters into MoU with Damodar Valley Corporation

23 Mar 2017 Evaluate

Rural Electrification Corporation (REC) has entered into Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC) for extending financial assistance to the tune of Rs 4,650 crore for ongoing and upcoming projects of DVC.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.

Peers
Company Name CMP
Power Finance Corpn. 344.40
REC 308.00
NHIT 171.00
Satin Creditcare Net 214.80
IFCI 76.96
View more..