| Damodar Valley Corporation in talks with REC for Raghunathpur Phase II project by nikhilndls on 17 December, 2012 - 12:00 PM | ||
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 nikhilndls | Damodar Valley Corporation in talks with REC for Raghunathpur Phase II project on 17 December, 2012 - 12:00 PM | |
RAGUNATHPUR: Damodar Valley Corporation (DVC) is in talks with Rural Electrification CorporationBSE -0.37 % (REC) for funding bulk of the debt requirement for its Raghunathpur Phase - II project. This 1,320 mw (660 mw x 2) project is estimated to cost Rs 9,089 crore and will be funded on a 70:30 debt equity reatio.DVC will raise Rs 6,300 crore as debt and the rest as equity. | ||