PFC arm gets nod to operate from Gift City PSU Watch
News Updates

PFC arm gets nod to operate from Gift City

PFC Infra Finance IFSC Ltd has received approval from International Financial Services Centres Authority to commence business as a finance company in IFSC GIFT City, Gujarat

PSU Watch Bureau

New Delhi: Power Finance Corporation (PFC) Limited on Wednesday said its arm PFC Infra Finance IFSC Ltd has received approval from International Financial Services Centres Authority to commence business as a finance company in IFSC GIFT City, Gujarat.

PSU Watch is now on Whatsapp Channels. Click here to join

PFC Infra Finance IFSC Ltd (PIFIL) will be the first finance company in IFSC dedicated to power and infrastructure sector lending, the company said in a statement.

PIFIL aims to provide lending in India and other countries in foreign currency, catering to government as well as private players.

The establishment of PIFIL will position PFC as a global brand and contribute to strengthening India's position as a global financial hub.

IFSCA chairperson K Rajaraman presented the Certificate of Registration (CoR) to Parminder Chopra, Chairperson PFC & PIFIL.

"As we commence operations, funding for energy transition will be a key focus, aligning with India's strong push towards clean energy sources," Chopra said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

PESB selects Rajeev Kumar Sinha and Nripendra Nath for Director (Technical) positions at CMPDIL

MOIL achieves record-breaking production in April–June quarter of FY 2025-26

NBCC signs MoU with NFDC for redevelopment of Siri Fort Auditorium complex

Stock markets climb in early trade amid optimism over India-US trade deal

Need to ensure washed coal replaces imported coal in coastal ICB power plants: MCL CMD