+
PFC secures $1.265 billion foreign loan for green energy projects
ECONOMY & POLICY

PFC secures $1.265 billion foreign loan for green energy projects

PFC, recognised as a Maharatna company and a leading non-banking financial company (NBFC) in the Indian power and infrastructure sector, has successfully concluded the issuance of the largest foreign currency term loan ever by an Indian public sector unit (PSU), totalling $1.265 billion. This historic financial arrangement was made possible through a facility agreement with multiple banks located at the IFSC GIFT City in Gandhinagar.

The loan is intended to finance projects outside the thermal generation sector, representing a significant advancement in PFC's commitment to supporting the transition to green energy. This financing is in line with the company's strategic initiatives to diversify its investment portfolio towards more sustainable and renewable energy sources.

The loan carries a floating interest rate of 4.21 per cent per annum and has a tenure of five years. It is denominated in G3 currencies—USD, EUR, and JPY—and is benchmarked against external rates such as SOFR for USD, EURIBOR for EUR, and TONA for JPY. The banks involved in this substantial transaction include SBI, IDBI, Axis, MUFG, Deutsche, and SMBC. SBI not only served as the primary lender but also took on the role of the facility agent.

PFC, recognised as a Maharatna company and a leading non-banking financial company (NBFC) in the Indian power and infrastructure sector, has successfully concluded the issuance of the largest foreign currency term loan ever by an Indian public sector unit (PSU), totalling $1.265 billion. This historic financial arrangement was made possible through a facility agreement with multiple banks located at the IFSC GIFT City in Gandhinagar. The loan is intended to finance projects outside the thermal generation sector, representing a significant advancement in PFC's commitment to supporting the transition to green energy. This financing is in line with the company's strategic initiatives to diversify its investment portfolio towards more sustainable and renewable energy sources. The loan carries a floating interest rate of 4.21 per cent per annum and has a tenure of five years. It is denominated in G3 currencies—USD, EUR, and JPY—and is benchmarked against external rates such as SOFR for USD, EURIBOR for EUR, and TONA for JPY. The banks involved in this substantial transaction include SBI, IDBI, Axis, MUFG, Deutsche, and SMBC. SBI not only served as the primary lender but also took on the role of the facility agent.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code