As much as Rs 68,000 crore worth of loans under Rs 90,000 liquidity package announced for the stressed power distribution utilities have been sanctioned so far which is expected to create buoyancy in the sector.
Finance Minister Nirmala Sitharaman in May announced the Rs 90,000 crore liquidity infusion into cash-strapped discoms, facing demand slump due to the lockdown to contain Covid-19.
“State-run non-banking finance firms REC Ltd and Power Finance Corporation (PFC) have sanctioned loans worth about Rs 68,000 crore so far under the Rs 90,000 crore liquidity infusion package for discoms announced in May,” a source said.
