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Power Finance Corporation, APL sign loan agreement to extend term loan of Rs 1,229 crore

05 Sep 2023 Evaluate

Power Finance Corporation (PFC) and Assam Petrochemicals (APL) have signed a loan agreement on September 4, 2023, for extending a term loan of Rs 1,229 crore for the implementation of 500 Tons Per Day (TPD) Methanol Plant, including their 11 MW Captive Power Plant (CPP) at Namrup and 200 TPD Formalin Plant, including their Captive 0.90 MW power plant at Boitamari in Assam at an estimated project cost of Rs 1,827 crore.

The 500 TPD Methanol Plant, including 11 MW CPP, was inaugurated by the Prime Minister on April 14, 2023, on completion. The project, including the 200 TPD Formalin Plant, is scheduled to commence commercial operation by March 31, 2024. The APL is a state public sector undertaking of the Government of Assam (GOA), comprising GOA, Assam Industrial Development Corporation (AIDCL); Assam Gas Co (AGCL) and Oil India. Presently, APL has expanded its business to the neighbouring countries -- Bangladesh, Bhutan and Nepal.

Power Finance Corporation 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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