New Delhi, Feb 14 (SocialNews.XYZ) Leading government-owned financial company on Wednesday signed agreements worth Rs 588 crore with Damodar Valley Corporation (DVC) to strengthen infrastructure and energy projects in the region.
The agreements aim to strengthen cooperation for the development of TUBED coal mines, and include a term loan agreement, an escrow agreement, and hypothecation deeds, according to an REC statement.
The agreement was signed by Santosh Kumar Sahu, Senior Chief Project Manager, REC Regional Office, Kolkata and Durgesh Maity, Senior General Manager (Finance), DVC. The signing took place in the presence of S. Suresh Kumar, Chairman and Managing Director DVC and other officials.
The signing ceremony underscores the collaborative efforts of both organisations in promoting sustainable development and leveraging resources for the greater benefit of the community, the statement added.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
