Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has received approval from the Competition Commission of India (CCI) for the acquisition of 52 percent stake in Rural Electrification Corporation (REC). The government is expected to garner around Rs 15,000 crore from this sale process.

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.