Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is reportedly planning to borrow Rs 7,000 crore from local banks, to fund the acquisition of REC worth Rs 14,000 crore. The company also planning to moderate its dividend pay-out and disbursements to loan accounts in FY19.

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.