Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has received shareholders' approval to increase its borrowing limit to Rs 6 lakh crore from existing Rs 4 lakh crore. All the resolutions proposed in the annual general meeting (AGM) on September 29, 2020, were passed by the requisite majority.

In order to tap the emerging business opportunities in the changing business environment, it also got shareholders' approval to expand the object clause in its Memorandum of Association during the AGM.

PFC is central PSU under Ministry of Power and India's leading NBFC.