PFC shares in focus after Rs 26,800 crore financing deal with MP power utilities
Power Finance Corporation (PFC) shares will be in focus on Friday after the company signed an initial agreement to provide Rs 26,800 crore in financing to Madhya Pradesh’s power utilities.
This funding will support capital expenditure projects for entities such as Madhya Pradesh Power Generation Company Ltd (MPPGCL), Madhya Pradesh Power Transmission Company Ltd (MPPTCL), and the state’s distribution companies (discoms), PFC said in a statement.
The financial assistance will be directed towards critical infrastructure projects, including new supercritical thermal units, solar power plants, hydropower station upgrades, power evacuation networks, smart metering, and loss reduction initiatives under the Revamped Distribution Sector Scheme (RDSS).
The agreement was signed at the Madhya Pradesh Global Investors Summit 2025 in Bhopal, in the presence of Chief Minister Shivraj Singh Chouhan.
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