SBI Sanctions Loan Of Rs100.50 Bn To DVC

This project has been identified by Ministry of Power as one of the projects for capacity addition by 2030

The agreements have been exchanged in the presence of Ashwini Kumar Tewari, Gulshan Malik and Amitava Chatterjee of SBI and Arup Sarkar, Joydeep Mukerjee and Durgesh Maiti of Damodar Valley Corporation

FinTech BizNews Service

Mumbai, September 12, 2024: State Bank of India (SBI), the country’s largest lender, has sanctioned Rs.10,050 crores to Damodar Valley Corporation (DVC) for Ultra Super Critical Thermal Power Project of 1600 MW (800*2 MW) to be set up at Koderma, Jharkhand.

This project has been identified by Ministry of Power as one of the projects for capacity addition by 2030.

The agreements have been exchanged in the presence of Shri. Ashwini Kumar Tewari, Managing Director, (Corporate Banking & Subsidiaries), Shri. Gulshan Malik and Shri. Amitava Chatterjee, Deputy Managing Directors (Commercial Clients Group), SBI and Shri Arup Sarkar, Member Finance, Shri. Joydeep Mukerjee -ED (Finance), Shri. Durgesh Maiti, Chief General Manager (Finance), Damodar Valley Corporation, Kolkata.