Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has sanctioned a loan of Rs 3,940 crore for the construction of the Machilipatnam greenfield seaport. The loan sanction letter has been sent to Machilipatnam Port Development Corporation.

The estimated cost of the Machilipatnam port is Rs 5,253.89 crore. The Machilipatnam port will be constructed on nearly 4,000 acres in two phases as per the master plan.

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