Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has raised $300 million loan from overseas. The loan has been jointly approved by State Bank of India, Hong Kong and MUFG Bank, Singapore. This is PFC's second foreign currency borrowing in the current fiscal.

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.