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PFC, REC ink MoU to provide Rs 8,520 crore loan to SJVN's power project in Bihar

27 Nov 2020 Evaluate

Power Finance Corporation (PFC), REC have executed a Memorandum of Understanding (MoU) with SJVN Thermal (P) (STPL) for extending term loan of Rs 8,520.46 crore for 2x660 MW Buxar Thermal Power Project on November 26, 2020.

STPL is a wholly-owned subsidiary of SJVN and executing the project. The Buxar thermal power project is expected to be commissioned in 2023-24 and generate approximately 9,828 Million Units of energy to meet the future power requirement of Bihar and other states. PFC has a long standing relationship with SJVN and funding of this upcoming thermal project will further strengthen the relationship between these two entities.

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

Power Finance Corp Share Price

464.85 5.85 (1.27%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 464.85
REC 373.35
Indian Railway Fin. 104.85
NHIT 151.00
Satin Creditcare 174.75
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