Latest News | SBI Sanctions Rs 10,050 Cr Loan for 1,600 MW Thermal Power Project

Mumbai, Sep 12 (PTI) The country's largest lender State Bank of India (SBI) on Thursday announced that it has sanctioned a project loan of Rs 10,050 crore for a thermal power project by Damodar Valley Corporation (DVC).

In an announcement, the country's largest lender said DVC plans to borrow Rs 10,050 crore for the 1,600 MW Ultra Super Critical Thermal Power Project.

Also Read | Kolkata Fatafat Result Time: Check Timings of Kolkata FF Result Charts Announcement for All 8 Bazis Played in Morning, Evening and Night.

The project involves the construction of two units of 800 MW each in Koderma, Jharkhand, as per an official statement.

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

Also Read | How To Apply for Ayushman Bharat Health Insurance Card Online for Senior Citizens? Step-by-Step Guide Here.

It can be noted that SBI has been maintaining that it has a robust pipeline of corporate loans for the last few quarters, even when concerns were being raised about the lack of overall capex.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)