PFC gets nod to raise ₹55k crore via securities
State-run Power Finance Corporation (PFC) has got its shareholders' approval to raise up to ₹55,000 crore via issue of securities. PFC also got the not for raising its borrowing limit to ₹4 lakh crore. An infrastructure finance company, PFC is engaged in providing financial assistance to state power utilities for meeting the financing and development requirements of the power sector.