Power distribution utilities will have to either offer a Letter of Credit for power supplies or pay in advance to power generation companies, according to guidelines issued by the Ministry of Power.

The rating on the Notes is based upon the LOC provided by the Bank; the structure and legal protections of the transaction which provide for timely payment of principal and interest to Note holders; ...

ISLAMABAD: The Finance Ministry is to issue Letter of Comfort (LoC) for signing of agreement with M/s Faysal Bank Limited for a loan of Rs 10 billion for coal-fired Jamshoro power plant prior to ...

Once the glare of the media and many articulate strategic pundits shifts from the Galwan Valley in Ladakh, to more juicy topics, the Indian army would still be there in larger numbers doggedly doing ...

Kargil, Leh connected to national power grid! In a major push to the ‘One nation One Grid’ project’, the scenic frontier region of Ladakh has been connected to the National Grid for the first time ...