Reliance Infrastructure-backed discom BSES has been sanctioned a loan of Rs 5,000 crore by IDBI Bank and the amount will be used by the company to pay up its outstanding dues to a number of power generation and transmission utilities.
The loan has been granted by the bank after the discom deposited a security deposit of Rs 1,020 crore. “BSES has informed us that a loan of Rs 5,000 crore has been granted to it by the IDBI bank,” Delhi Electricity Regulatory Commission (DERC) Chairman P D Sudhakar told PTI.
From: http://ping.fm/u6VZr
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