MoneyWorks4Me

Renew Energy Global signs pacts with PFC, REC

22 Jul 2023 Evaluate

Renew Energy Global has signed initial pacts with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for loans worth Rs 64,000 crore. The company will receive Rs 32,000 crore ($3.9 billion) each from PFC and REC for financing its current and upcoming energy transition projects, totalling $7.8 billion or Rs 64,000 crore. The company will utilise the funds for new projects, including solar, wind, hybrid, energy storage, solar modules and cell manufacturing, and green hydrogen.

Power Finance Corporation (PFC) is central PSU under Ministry of Power and India's leading NBFC.


Power Finance Corpn. Share Price

419.50 3.00 (0.72%)
07-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corpn. 419.50
REC 366.00
Indian Railway Fin. 88.60
NHIT 171.00
Satin Creditcare Net 231.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: