PFC plans to invest in Central Power via IPO

Power Finance Corporation’s (PFC) board of directors on August 17 approved to earmark a sum of Rs 10 billion for making investments through IPO of Central Power Sector Undertaking. The number of shares to be applied, exit / sale decision with respect to above will be taken by committee of directors constituted for this purpose by the board.

The board also approved for being one of the promoters of the joint venture company for development of Power Exchange along with NTPC, NHPC und NCDEX. The final investment decision will be made by the board depending upon the analysis of detailed project report.