Hit hard by Covid lockdown, MSEB wants Rs 20,000 crore loan

Maharashtra government will stand guarantee for a Rs 20,000 crore loan to be secured by the Maharashtra State Electricity Board (MSEB) and the subsidiaries under it. MSEB is facing a resource crunch because of the four months of lockdown due to Covid-19.
A government resolution (GR) issued by deputy secretary P P Badgeri proposed to secure the loan from the National Thermal Power Corporation, Power Finance Corporation, Rural Electrification Corporation, nationalised banks and leading financial institutions.

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