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Power Ministry directs PFC, REC to provide short-term loans to imported coal-based thermal plants

12 May 2022 Evaluate

The Power Ministry has directed Power Finance Corporation (PFC) and REC to provide short-term loans to imported coal-based thermal plants that are under stress or facing insolvency suits amid the ongoing coal shortage crippling power generation in the country.

The direction assumes significance in view of the power ministry's earlier order that asked all imported coal-based plants to produce electricity at their 100 per cent generation capacity.

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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