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PFC loan for MAHAGENCO's Koradi project

Thursday, 01 Jul 2010
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PFC has sanctioned a term loan of Rs 6,512 crore to Maharashtra State Power Generation Company (MAHAGENCO) for its upcoming 3x660 MW super-critical thermal power project at Koradi near Nagpur.

The total project cost is about Rs 11,880 crore. Also the balance loan to the tune of Rs 3,000 crore has been sanctioned by nationalised banks for the project. L&T is the EPC contractor for the project.

The project is slated to be completed by December 2014.

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