-2.55 (-0.68%) Power Finance Corporation (PFC) has signed a pact with NHPC to lend funds for the development of hydro projects. NHPC is engaged in the development of hydropower in India and has also diversified into solar and wind power. It also provides consultancy services to hydropower and renewable energy projects. PFC will also provide financial assistance for the acquisition of stressed projects.
PFC is central PSU under Ministry of Power and India's leading NBFC.