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Liquidity infusion of Rs 90,000 crore won't impact financial health of PFC-REC: Experts

The bailout package of Rs 90,000 crore to power distribution companies (discoms) will not have any negative financial implication for Power Finance Corporation and Rural Electrification Corporation (PFC-REC), according to experts.In a major push to revive the financial health of ailing state power discoms, the centre has announced a one-time relief of Rs 90,000 crore through PFC-REC. The announcement received a big thumbs-up from the industry players, who termed it a much-needed stimulus to boost the financial health of the distribution sector.Shubhranshu Patnaik, Partner at Deloitte India said this huge lending facility is coming up with state governments' guarantee and is risk-protected to a reasonable extent. "It is likely to be a short-.....

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