-3.80 (-1.01%) 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.