New Delhi, Oct 21:– Power Finance Corporation (PFC), a Maharatna Company and a leading Non-Banking Financial Company (NBFC) in the Indian power sector, has signed a Memorandum of Understanding (MoU) with BEML Limited, a Schedule ‘A’ Public Sector Undertaking (PSU) under the Ministry of Defence. This partnership aims to enhance collaboration in the financing and development of key infrastructure projects.
The MoU was signed at PFC’s corporate office in the presence of Parminder Chopra, CMD of PFC, and Shantanu Roy, CMD of BEML. Rajiv RanjanJha, Director (Projects); Sandeep Kumar, Director (Finance) from PFC, & Anil Jerath, Director (Finance) from BEML were present during the occasion.
BEML is set to make significant strides in the railway and metro sectors, as well as initiate new projects in the defence, aerospace, and mining industries. PFC will provide vital financing support to facilitate the timely completion of these infrastructure and logistics projects. This MoU represents a crucial advancement in the cooperation between PFC and BEML, contributing significantly to the growth and development of nation’s infrastructure.
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