Wed, Aug 12, 2015, 12:23 PM
Rural Electrical Corporation (REC) released a cheque worth Rs. 16,070 crores towards Yadadri Thermal Power project, coming up at Damarcherla in Nalgonda district. REC Chairman Rajiv Sharma handed over the cheque to KCR. Stating that this is first time that they are funding a state project, he said that the funds are being lent at an interest as low as 17 per cent.