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APPFCL to avail Rs 2,000-crore loan from SBI backed by state guarantee
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APPFCL to avail Rs 2,000-crore loan from SBI backed by state guarantee
Amaravati, Dec 11 (PTI) The Andhra Pradesh government has accorded a state guarantee to the APPFCL to avail a Rs 2,000-crore loan from the SBI for onward lending to power utilities and other purposes.The Andhra Pradesh Power Finance Corporation Ltd is availing the term loan from the State Bank of India’s commercial branch in Vijayawada.“Government hereby accords approval for providing a government guarantee to APPFCL for an amount of Rs 2,000 cr…
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