Odisha Cabinet Approves Rs 3108.21 Cr Govt Guarantee For GRIDCO
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…
