Telangana Govt permits TSRDC to borrow Rs. 5,000 Cr loans

Telangana Govt permits TSRDC to borrow Rs. 5,000 Cr loans
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The Telangana Government on Tuesday accorded permission to enhance the borrowing limit of newly formed Telangana State Road Development Corporation (TSRDC) from Rs. 1,000 Crore to Rs. 5,000 crore.

Hyderabad: The Telangana Government on Tuesday accorded permission to enhance the borrowing limit of newly formed Telangana State Road Development Corporation (TSRDC) from Rs. 1,000 Crore to Rs. 5,000 crore.

The State Government also permitted the TSRDC to approach the Banks/Financial institutions for borrowing loan to an extent of Rs.1200 Crore with the Guarantee of the State Government.

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