Page 8 - NEWSLETTER OCT to DEC 2023 Vol57

e) Nominee Director – CMD has indicated that the
clause regarding the inducting of Nominee Director
in the Board of KPCL is only the right of HUDCO
and would be insisted sparingly.
f) Interest Rate – CMD –HUDCO indicated that this
issue will be dealt separately
• DF-KPCL requested HUDCO’s help for the various
upcoming KPCL projects
Meeting with Shri J. Darshan IRS, CFO/Director
Finance, BESCOM

they will call lenders’ meeting and get competitive rate
and request HUDCO to match the rate.
• CMD also offered financial assistance for Jal Jeevan
Mission project which is being implemented through
RDPR and MD explained that they have sufficient funds
at present and they will contact HUDCO whenever
funds exigency arises.

Meeting with D. S. Selvakumar IAS, Principal Secretary,
PWD and Industry & Commerce.

During the discussion, DF sought HUDCO’s financial
assistance against Securitization of receivables of
BESCOM dues from GoK Departments.
Meeting with Shri Sannachitaiah, MD- VJNL

• CMD explained HUDCO’s financial assistance provided
for KRDCL projects and offered to support assistance
towards the upcoming KRDCL projects and
construction of Guest House / Staff quarters across
the state.
• The Principal Secretary has assured to avail financial
• MD explained the Yetttinahole drinking water supply assistance as and when required.
scheme of Govt. of Karnataka and sought HUDCO’s
Financial Assistance at the competitive rate of interest
and he explained the constraints in getting Govt
Guarantee for the funding. CMD assured to consider
the same favorably.
Meeting with Shri Anjum Parvez IAS, Principal
Secretary-RDPR / MD-BMRCL
• CMD explained HUDCO’s financial assistance for the
Phase-I of the BMRCL Scheme and also offered fund
for Phase-II of the scheme. MD-BMRCL explained that

7