The market borrowing programme would be executed under different debt segments with interchangeability amongst various instruments including bonds/ debentures, term loans, external commercial borrowings, commercial papers, etc. on private or public placement basis.

The funds under the said revised market borrowing programme will be raised, from time to time, during the financial year 2023- 24.

Power Finance Corporation (PFC) is a leading power sector public financial institution and a non-banking financial company providing fund and non-fund-based support for the development of the Indian power sector.

The company's consolidated net profit jumped 22.8% to Rs 4,833.08 crore on 15.8% increase in total income to Rs 22,403.69 crore in Q2 FY24 over Q2 FY23.

The scrip rose 0.32% to currently trade at Rs 406.85 on the BSE.