India: Rural Electrification Corp to seek RBI's nod for Pariwartan ARC

India: Rural Electrification Corp to seek RBI's nod for Pariwartan ARC

Photo: Fré Sonneveld/unsplash

The government is proceeding with plans to start an asset reconstruction company (ARC) to warehouse stressed power projects and protect their value until demand for power recovers, said a top official.

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