Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has provided Rs 9,187 crore finance to HPCL Rajasthan Refinery. This is the first project where PFC has extended its financial assistance to the refinery and petrochemical sector. The company is extending its support in nation building not only through the power sector but also in the infrastructure segment.

HPCL Rajasthan Refinery (HRRL) is setting up a green-field refinery-cum-petrochemical complex in Barmer district, Rajasthan, at a project cost of Rs 72,937 crore. On July 4, 2023 HRRL executed a loan agreement under a consortium arrangement for Rs 48,625 crore, wherein the share of PFC was Rs 9,187 crore.

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