PFC secures $1.265bn foreign loan, largest for an Indian entity, for green energy projects.

Power Finance Corporation (PFC), an Indian state-owned entity, has obtained a historic $1.265 billion foreign currency term loan, the largest for an Indian entity. This five-year loan, with an average interest rate of 4.21%, will fund non-thermal energy projects, supporting PFC's green energy transition. Key banks involved include SBI, IDBI, Axis, MUFG, Deutsche, and SMBC, with SBI as the largest lender. The financing aims to enhance PFC's operations and market presence.

October 04, 2024
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