UMPP project closure

Power Finance Corporation Limited (PFC) has approved a borrowing programme of up to Rs 1,60,000 crore for FY2026-27 at its board meeting held on March 17, 2026. The board also approved closure of an 18-year-old project subsidiary that did not progress to implementation. Borrowing plan and dividend The borrowing ceiling includes Rs 1,10,000 crore from domestic long- and medium-term sources such as bonds, debentures, capital gain bonds under Section 54EC, and loans from banks and…