Untitled - Ministry of Power

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REC work of 33kV Sub-station/DTC at Karanjukheda Dist. Aurangabad (Maharashtra)
Income Tax Act, 1961. The total amount mobilized
from the market during the year 2003-04 was
Rs.4010 crore which included Rs. 1363 crore by
way of Capital Gain Tax Exemptions Bonds, Rs.
67 crore by way of Taxable Bonds, Rs. 17 Crore
by way of Section 88 Infrastructure Bonds,
Rs.1500 Crore of Term Loans and Rs. 440 Crore
Short Term Loans(WCDL).The debt instruments
of REC continued to enjoy AAA the highest
rating assigned by CRISIL.
Progress of Performance during the year 2003-
2004.
Sanctions
REC’s financing is now mainly focused on
investments in rural electrification programme
relating to electrification of unelectrified villages/
hamlets/dalit bastis, load development in already
electrified areas, system strengthening/
augmentation for improving the quality of supply &
bringing in efficiency in distribution systems and
also generation projects. The Corporation, during
the current year, has sanctioned 1322 projects
involving a loan assistance of Rs. 15978 crore.
Disbursements
REC has disbursed till the end of 31st March, 2004
an amount of Rs. 6017 crore for RE Schemes,
system strengthening, intensive electrification of
already electrified areas, energisation of pumpsets
and also for various generation projects.
Kutir Jyoti Programme
During the year 2003-04, under the Govt. of India’s
Kutir Jyoti programme being channelized through
REC, implementing agencies have reported release
of 5.09 lakh single point light connections to the
households of rural poor below poverty line, and a
sum of Rs.60.44 crore has been drawn as grant.