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PFC gets nod to raise up to Rs 80,000 crore during FY24
Mar-22-2023

Power Finance Corporation (PFC) has received approval from board of directors to raise up to Rs 80,000 crore through various financial instruments. An amount of Rs 40,000 crore will be raised through long-term domestic borrowings, and another Rs 20,000 crore by way of long-term foreign currency borrowing. Besides, proposals have been approved for raising up to Rs 20,000 crore through short-term borrowings and commercial paper. The proposals approved are for raising fund during the financial year 2023-24.

PFC is central PSU under Ministry of Power and India's leading NBFC.

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