Archive · 11 Dec 2025
Andhra Pradesh Approves Rs 2,000-Crore Loan for Power Finance
The Andhra Pradesh government has given permission for a company called APPFCL to take a big loan of Rs 2,000 crore from the State Bank of India.
The government is guaranteeing this loan, which means they promise to pay it back if APPFCL can't.
The money will be used to help power companies and for other important things.
This is happening in Vijayawada, a city in Andhra Pradesh.
The Andhra Pradesh government has approved a Rs 2,000-crore loan for APPFCL.
The loan is being provided by the State Bank of India's Vijayawada branch.
The state government is guaranteeing the loan.
Funds will be used for lending to power utilities and other purposes.
The approval was announced on December 11.
- Who
- Andhra Pradesh Power Finance Corporation Ltd (APPFCL) and State Bank of India (SBI)
- What
- Approval of a Rs 2,000-crore loan with state guarantee
- When
- December 11
- Where
- Vijayawada, Andhra Pradesh
- Why
- To provide funds for power utilities and other purposes
- Loan Amount
- Rs 2,000 crore
- Lender
- State Bank of India (SBI)
- Guarantor
- Andhra Pradesh Government
- Purpose
- Lending to power utilities and other purposes
- Location
- Vijayawada, Andhra Pradesh
