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PFC to finance Rs 275 crore for deployment of 350 electric buses in Uttar Pradesh

15 Dec 2021 Evaluate

Power Finance Corporation (PFC) is all set to lend Rs 275 crore for deployment of 350 electric buses across nine cities in Uttar Pradesh. An agreement to this effect was signed between PFC and GreenCell Mobility -- an e-mobility platform supported by governments of India and the UK to boost adoption of electric vehicles in the country. The buses will be deployed in key cities of UP including Agra, Meerut, Aligarh, Bareilly, Ghaziabad, Mathura, among others.

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

Peers
Company Name CMP
Power Finance Corpn. 325.25
REC 299.75
NHIT 168.00
Satin Creditcare Net 224.50
IFCI 64.02
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