REC gives “A-Grade” to KIPCL for timely debt servicing
The Hindu
The REC Ltd (REC), formerly Rural Electrification Corporation Ltd, has recognised the Kaleshwaram Irrigation Project Corporation Ltd (KIPCL) as “A Category” institution/agency based on its performance
The REC Ltd (REC), formerly Rural Electrification Corporation Ltd, has recognised the Kaleshwaram Irrigation Project Corporation Ltd (KIPCL) as “A Category” institution/agency based on its performance in the financial management – for timely debt servicing – and other areas.
In a recent communication sent to Managing Director of KIPCL B. Hariram, who is one of the Engineers-in-Chief of Kaleshwaram Project, the REC has informed that the competent authority has approved the grading of KIPCL with effect from January 13.
KIPCL, since its inception, has been involved in developing, engineering, financig and executing Kaleshwaram Lift Irrigation Project and Palamuru-Rangareddy Lift Irrigation Scheme.
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