Power Finance Corporation Ltd.

BSE: 532810 | NSE: PFC
Large Cap | Finance Term Lending
371.65
-3.80 (-1.01%)
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PFC introduces facility for discoms for timely payments of outstanding dues

Date: 15-10-2020

Power Finance Corporation (PFC) has introduced a facility for electricity distribution companies (discoms) to avail funds for paying their dues to power generation companies (gencos), a move that will help in avoiding late payment charges as well as earn rebates for timely payments. Mounting outstanding dues of discoms has been a perennial issue in the country.

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