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CVPPL signs agreement for term loan of Rs 1,000 Cr with J&K Bank Ltd
State Times
|June 10, 2025
Chenab Valley Power Project Limited (CVPPL), Joint Venture of NHPC LTD (51%) and JKSPDC (49%) has signed an Agreement with the J&K Bank Limited, a bank constituted under the Banking Companies (Acquisition and Transfer of undertaking) Act 1970, for Term Loan of Rs 1000 Crore.
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As per the Agreement, the loan will be utilized for Development and Construction of greenfield Pakal Dul Hydro Electric Project (4x250 MW) on River Marusadar located in Kishtwar District of Jammu &
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