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Power Finance Corporation’s arm incorporates WOS company

20 Jun 2019 Evaluate

Power Finance Corporation’s (PFC) wholly owned subsidiary -- PFC Consulting has incorporated a wholly owned subsidiary (WOS) company by name Meerut-Simbhavali Transmission on June 17, 2019. It has been incorporated for development of Transmission Scheme associated with ‘construction of 765/400/220/ KV GIS Substation, Meerut with associated lines and 400/220/132 KV GIS Substation, Simbhavali with associated transmission line’.

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.

Peers
Company Name CMP
Power Finance Corpn. 347.00
REC 313.20
NHIT 171.00
Satin Creditcare Net 217.45
IFCI 75.08
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