Power Finance Corporation Ltd.

State-run Power Finance Corporation (PFC) is reportedly planning to purchase a stake in the 1,320 mw coal-based power plant, which is owned jointly by Hyderabad-based companies - NCC and Gayatri Projects. It has decided to buy 10-15% stake for Rs 200 crore in the NCC-Gayatri project that is being set up at a total cost of Rs 7,000 crore at Krishnapatnam in Nellore district of Andhra Pradesh. The entity is a lender to the project with an exposure of Rs 1,700 crore of debt.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.