Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has received the government approval for issuing bonds, redeemable after three years and eligible for exemption from capital gains tax. This will enable PFC to raise funds for long-term through issuance of tax-free bonds under Section 54EC of the Income Tax Act.

Any bond redeemable after three years and issued on or after June 15, 2017 by PFC as a long-term specified asset would be covered under the 54EC of Income Tax Act.

Power Finance Corporation (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.