India & Power Finance Corporation

India: The merger supports India's energy transition and infrastructure growth by creating a larger financing institution capable of meeting the power sector's growing financial requirements and implementing government reforms.

Power Finance Corporation: Power Finance Corporation will absorb ITC Limited, becoming India's largest power financier with an expanded loan book and improved operational efficiencies, strengthening its position in financing India's energy transition.

Power Finance Corporation: Power Finance Corporation, as an NBFC, received information from the India — Ministry of New and Renewable Energy to guide its lending approach for solar PV manufacturing facilities.

Power Finance Corporation: The Power Finance Corporation is proposed to be restructured as part of the government's efforts to achieve scale and improve efficiency in Public Sector NBFCs, aligning with the vision for NBFCs for Viksit Bharat.