Power Finance Corporation Ltd.

Power Finance Corporation has incorporated a Special Purpose Vehicle (SPV), as a wholly-owned subsidiary company namely -- Deoghar Mega Power -- for the development of second Ultra Mega Power Project (UMPP) in the state of Jharkhand.

Earlier this month, PFC’s wholly owned subsidiary - PFC Consulting -- transferred its wholly owned subsidiary ‘Nagapattinam-Madhugiri Transmission Company’ to Power Grid Corporation of India (PGCIL).

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.