Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is planning to raise Rs 55,000 crore via issuance of securities. In this regard, the company sought shareholders’ approval at the company’s annual general meeting scheduled on August 19, 2016. The company has also sought shareholders’ nod for raising its borrowing limit to Rs 4 lakh crore.

As on March 31, 2016, the paid-up share capital of PFC’s defined reserves and surplus were Rs 1,320.04 crore and Rs 19,531.83 crore, respectively.

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.