Andhra Pradesh Gives State Guarantee for DISCOMs to Avail ₹66 Billion in Loans

Power dues by state DISCOMs amounted to ₹66.73 billion as of March 31, 2020

June 16, 2020

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The Government of Andhra Pradesh has provided a state-backed guarantee for distribution companies (DISCOMs) to avail ₹66 billion (~$873.4 million) loan from the Power Finance Corporation Limited (PFC) and Rural Electrification Corporation Limited (REC).

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Nithin Thomas

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Andhra Pradesh Gives State Guarantee for DISCOMs to Avail ₹66 Billion in Loans

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