-6.65 (-1.79%) Power Finance Corporation (PFC) has received an approval for merger of its wholly-owned subsidiary PFC Green Energy with itself. The board of directors at its meeting held on September 29, 2017 has approved for the same. The scheme is conditional upon and subject to the sanction by the Ministry of Corporate Affairs.
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.