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Discussion :: National - Latest Current Affairs (Q.No.1038)

1038. 

Power Finance Corporation the central PSU and India's leading NBFC, signed an agreement with which company to fund hydro-electric projects worth Rs.22,000 on 26 May 2020?

[A]. Power Grid Corporation of India Limited
[B]. NTPC Limited
[C]. Adani Power Limited
[D]. Narmada Basin Projects Company Ltd.

Answer: Option D

Explanation:

Power Finance Corporation (PFC), the central PSU under the Ministry of Power and India's leading NBFC, signed an agreement with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Government of Madhya Pradesh on 26 May 2020. The move aims to fund projects worth Rs.22,000 crore for 225 MW hydro-electric projects & multipurpose projects in the State of Madhya Pradesh.

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