PFC gets shareholders’ nod to raise Rs 70,000 crore in one year
28th Aug 2019

Power Finance Corporation (PFC) has received approval from its shareholders to raise Rs 70,000 crore by issuance of bonds, debentures, notes and debt securities in domestic and international markets. After shareholders’ approval, the company would be able to raise Rs 70,000 crore in a period of one year from the AGM (August 27, 2019). The board of directors of the company approved the proposal to raise Rs 70,000 crore in its meeting held on July 30.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.