Power Finance Corporation

Industry: Other

Company Size: 5

Power Finance Corporation Limited (PFC) is a leading public sector financial company under the administrative control of the Ministry of Power, Government of India. Established in 1986, PFC specializes in providing financial support to the power sector, including financing for generation, transmission, and distribution projectsn October 2021, PFC was conferred the status of 'Maharatna' CPSE, granting it greater operational and financial autonomy. The company offers a range of financial products such as rupee term loans, foreign currency loans, short-term loans, and financial consulting services. PFC also plays a pivotal role in various government schemes aimed at enhancing the power infrastructure in India In December 2018, the Government of India approved PFC's acquisition of a 52.63% stake in Rural Electrification Corporation Limited (REC), a move completed in March 2019, further consolidating PFC's position in the power sector.

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