(THE GIST OF PIB) Power Finance Corporation

(April-2023)

Power Finance Corporation

• Power Finance Corporation Ltd (PFC) has sanctioned a loan of ₹633 crores to Gensol Engineering Ltd (GEL) for purchase of 5000 passenger Electric Vehicles (EVs) and 1000 cargo EVs. 

About

• Power Finance Corporation Ltd (PFC) is a Maharatna company and the leading NBFC in Indian power sector.
• PFC is under the administrative control of the Ministry of Power. 
• It is classified as an Infrastructure Finance Company by the RBI.
• PFC plays a crucial role in the rise of India as a global player.

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Courtesy: PIB