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PFC inks loan agreement with JBIC for Rs 105 crore

21 Aug 2023 Evaluate

Power Finance Corporation (PFC) has signed a loan agreement with Japan Bank for International Cooperation (JBIC) for JPY 1.85 billion (about Rs 105 crore). The funds will be used to finance a 11.5 MW waste-to-energy project of KPC Gas Power Corporation in Karnataka. This loan agreement was signed under the long-term facility of JPY 30 billion provided by JBIC to PFC.

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


Peers
Company Name CMP
Power Finance Corpn. 347.00
REC 313.20
NHIT 171.00
Satin Creditcare Net 218.50
IFCI 75.08
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