PFC forays into airport financing, sanctions loan for greenfield airport in AP
- This is part of the power-sector lender's plan to diversify its loan book by venturing into the broader infrastructure sector
New Delhi: The state-run Power Finance Corporation (PFC) has forayed into funding airport projects and sanctioned its maiden financing for a greenfield airport project in Andhra Pradesh. This is part of the power-sector lender’s plan to diversify its loan book and venture into funding other types of infrastructure projects, as Mint reported earlier. The power-sector lender has been diversifying its loans portfolio to areas such as e-mobility, metro rail, irrigation and utility scale energy storage, among others.