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The Power Finance Corporation has signed a loan agreement with Maharashtra State Electricity Distribution Co (MSEDCL) for financial assistance of Rs 3,000 crore.
PFC has said in a statement that this assistance will help MSEDCL meet its operational requirements within the working capital eligibility allowed under the UDAY scheme. The loan will help MSEDCL clear its outstanding power purchase liabilities also.
The loan document has been signed by S L Pimpalkhute, Director (finance), MSEDCL, in presence of Rajeev Sharma, CMD PFC.
