Active Stocks
Tue Mar 19 2024 10:51:07
  1. Tata Consultancy Services share price
  2. 4,016.15 -3.10%
  1. Tata Steel share price
  2. 148.35 -0.84%
  1. NTPC share price
  2. 312.20 -1.56%
  1. HDFC Bank share price
  2. 1,443.00 -0.22%
  1. ITC share price
  2. 413.75 -0.87%
Business News/ Companies / Power Finance Corporation accorded navratna status
BackBack

Power Finance Corporation accorded navratna status

Power Finance Corporation accorded navratna status

Premium

New Delhi:India’s leading power sector financial institution, Power Finance Corporation (PFC), has been accorded the navratna status. This will enable PFC to invest up to Rs1,000 crore in establishing joint ventures (JV) or setting up subsidiaries in India or abroad without a prior government approval.

Currently, there are eight navratna companies—Oil and Natural Gas Corporation, NTPC Ltd, GAIL India Ltd, Bharat Heavy Electricals Ltd, Hindustan Petroleum Corporation Ltd, Bharat Petroleum Corporation Limited, Steel Authority of India Ltd and Indian Oil Corporation. “This will help us in setting up JVs and add value to our company," V.K. Garg, PFC chairman and managing director, said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 14 Feb 2007, 11:58 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie