Power Finance Corporation Ltd.

In a bid to primarily meet the funding requirements of power sector units and projects, state-owned Power Finance Corporation (PFC) is planning to raise up to Rs 60,000 crore through short- and long-term borrowings in FY16.

It disbursed around Rs 44,300 crore in loans during 2014-15 and sanctioned loans worth Rs 60,000 crore. PFC’s loan assets at end of March 2015 stood at Rs 2.18 lakh crore - 15 per cent growth over the previous year.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.