Power Finance Corporation Ltd.

Renew Energy Global has signed initial pacts with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for loans worth Rs 64,000 crore. The company will receive Rs 32,000 crore ($3.9 billion) each from PFC and REC for financing its current and upcoming energy transition projects, totalling $7.8 billion or Rs 64,000 crore. The company will utilise the funds for new projects, including solar, wind, hybrid, energy storage, solar modules and cell manufacturing, and green hydrogen.

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