PFC board approves borrowings of Rs 820 billion in 2022-23

Theboard of Power Finance Corporation Limited (PFC) has approved a proposal for borrowing Rs 820 billion in 2022-23

The board approved borrowings through bonds, foreign currency borrowings, debentures, short term borrowings, commercial papers, among others. The funds will be raised from time to time during 2022-23, with the approval of competent authority, in one or more tranches.