Power Finance Corporation Ltd.

BSE: 532810 | NSE: PFC
Large Cap | Finance Term Lending
360.45
-11.20 (-3.01%)
< Home < Back

PFC led consortium to provide loan of Rs 11,067 crore to Ghatampur power plant

Date: 02-01-2018

State-run Power Finance Corporation (PFC) led consortium will provide a loan of Rs 11,067 crore to 1,980 MW thermal power plant at Ghatampur in Uttar Pradesh.

PFC, as a lead lender, in consortium with Rural Electrification Corporation (REC) and State Bank of India (SBI) participated in e-tendering process for funding of debt of Rs 11,067 crore of 3x660 MW coal-based thermal power station being executed by Neyveli Uttar Pradesh Power (NUPPL).

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.