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Board of Power Finance Corporation approves capital infusion in PFC Projects

14 Aug 2022 , 01:33 AM

The Board of Power Finance Corporation at its meeting held on 12 August 2022 has approved subscription of 50Percentage equity shareholding not exceeding Rs 50 crore in PFC Projects erstwhile Coastal Karnataka Power a 100Percentage subsidiary of PFC in the Power Asset Management Company as 5050 joint venture company with REC for taking over stressed NPA assets in the power sector subject to requisite approvals

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