PFC signs loan agreement worth Rs 30 billion with MSEDCL

PFC has signed a loan agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The loan will provide financial assistance of Rs 30 billion to the distribution company. It will help MSEDCL clear its outstanding power purchase liabilities and will also assist the discom in meeting its operational requirements within the working capital eligibility allowed under the Ujwal Discom Assurance Yojana (UDAY).