Lenders have decided to tweak the financial restructuring package (FRP) for Tamil Nadu Electricity Board (TNEB). According to the revised terms, the banks will now finance 100 per cent of TNEB’s cash loss, as against 70 per cent decided earlier, for the first year following a request by the state government.
The Tamil Nadu government had conveyed to the lenders that it might not be able to bear the 30 per cent cash loss as was decided earlier.
Tamil Nadu is the first state to get financial restructuring plan (FRP) done after the central government announced the scheme for restructuring of loans for state electricity boards (SEBs).
Read more >>Click here
No comments :
Post a Comment