India’s PFC, REC eye loans worth $520m

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India’s PFC, REC eye loans worth $520m

India power plant_230px

Indian state-owned companies Power Finance Corp (PFC) and Rural Electrification Corp (REC) have sent out requests for proposals for loans worth a collective $520m. The invitations come close on the heels of the Reserve Bank of India’s announcement of a new framework to regulate overseas borrowings.

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