CenturyPly pledges to plant 10,000 trees on Van Mahotsav 2021 ~ Initiates a journey to stay ‘Eco-Conscious’ ~ India, 6 th July : On occasion of Van Mahotsav 2021, Century Plyboards (India) Ltd., India’s largest manufacturer in Wood Panel Industry, has pledged to initiate a green CSR drive by planting 10,000 trees across the states of West Bengal and Haryana. To mark Van Mahotsav 2021, the annual forest festival that usually takes place during first week of July all across the country, CenturyPly took the first step towards this new tree plantation drive aiming to nurture the environment with 10000 trees in the regions of West Bengal , Haryana , adhering to all COVID-19 safety protocols. The company will continue to plant more saplings under its existing ‘Century Plantation Project’ over the coming months and will target to achieve more than 10,000 tree plantation in next one year. CenturyPly, as an environmentally responsible brand, always advocates eco-friendly solution in
PFC and REC reduce lending rates
Mumbai, 31st March: PFC and REC, Navratna CPSEs under Ministry of Power, are the prime financiers of Indian Power Sector capturing a significant market share in financing Indian Power Sector. PFC and REC as group companies have been aligning operations to realise synergies. As a part of such effort, PFC and REC have now decided together to reduce lending rates upto 2%. This initiative was undertaken to offer competitive rates, in line with the rates being offered by peers in the market. This will also help PFC and REC to continue their business growth going forward in addition to maintaining reasonable spreads.
The reduction in lending rates will help both PFC and REC to offer lower rates to Power Utilities, which will reduce their borrowing costs thereby reducing their interest payments and in turn benefitting the end consumer in terms of lower tariff.
The lending rates will be effective from 1st April, 2021.
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