Centre accords “Maharatna” status to state-owned PFC Ltd.
Govt. of India has accorded ‘Maharatna’ status to the state-owned Power Finance Corporation Ltd (PFC) on October 12, 2021, thus giving PFC greater operational and financial autonomy. In order to this effect was issued by the Department of Public Enterprises, under the Ministry of Finance. PFC was incorporated in 1986, as an Indian financial institution under the ownership of the Ministry of Power. It is the largest Infrastructure Finance Company in India, exclusively dedicated to Power Sector.
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