• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Breaking News

Odisha Cabinet Approves Rs 3108.21 Cr Govt Guarantee For GRIDCO

OMMCOM NEWS by OMMCOM NEWS
January 22, 2025
in Breaking News, Odisha

Bhubaneswar: The State Cabinet has given its post-facto approval for a government guarantee of Rs 3108.21 crore in favour of GRIDCO Ltd.

The guarantee will enable GRIDCO Ltd to swap high-interest term loans with lower-interest loans from commercial banks and financial institutions, ultimately reducing the interest burden on the company.

The government’s decision is expected to have a positive impact on end consumers, as the reduced interest load on GRIDCO Ltd will help minimize the burden on them. The Energy Department has issued the government guarantees, totalling Rs 3108.21 crore, after obtaining concurrence from the Finance Department.

GRIDCO Ltd has been proactive in reducing its interest costs by negotiating with lenders offering lower interest rates and swapping high-cost borrowings.

During the financial years 2021-22 and 2023-24, the company swapped outstanding high-cost borrowings of Rs 3147.94 crore to avail term loans from commercial banks at lower interest rates.

Tags: GridcoOdisha Cabinet
ShareTweetSendSharePinShareSend
Previous Post

South Korea: Yoon To Attend Impeachment Trial For Second Time On Thursday

Next Post

Forest Officials Seize Elephant Tusks, Arrest Four In Mayurbhanj

Related Posts

Odisha Crime Branch
Odisha

Gopalpur Gang-Rape Case: Odisha Crime Branch Takes 6 Accused On 2-Day Remand For Interrogation

June 25, 2025
Odisha Crime Branch Nets Three
Odisha

Odisha Crime Branch Nets Three In Rs 7 Cr IPO And OTC Trading Scam

June 24, 2025
Odisha Guv
Odisha

Odisha Guv Pays Courtesy Visit To CM Mohan Charan Majhi

June 25, 2025
Held
Odisha

‘Fake Doctor’ Held For Allegedly Assaulting Minor In Berhampur

June 24, 2025
Chief Secretary Manoj Ahuja
Odisha

Chief Secy Ahuja Chairs Meet To Boost Governance, Public Service Delivery

June 24, 2025
Dharakote police
Odisha

Nine Arrested For Assaulting Dalit Men In Ganjam

June 24, 2025
Next Post

Forest Officials Seize Elephant Tusks, Arrest Four In Mayurbhanj

Odisha Cabinet Clears Memorandum For 16th Finance Commission

India's First Silicon Carbide Semiconductor Unit To Be Set Up In Bhubaneswar

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.