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REC inks loan agreement with TANGEDCO

13 Jan 2018 Evaluate

Rural Electrification Corporation (REC) has signed loan agreement with the Tamil Nadu Generation and Distribution Corporation (TANGEDCO). The company has signed the same for setting up TANGEDCO’s Udangudi Stage-I, 2x660 MW coal-based Supercritical Thermal Power Project in Tuticorin, Tamil Nadu.

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
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