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

The board of the Power Finance Corporation (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 and commercial papers, among others. The funds will be raised from time to time during 2022-23, with approval of the authority, in one or more tranches.

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