PFC Board Approves Record ₹1,60,000 crore Crore Borrowing Plan for FY26-27
New Delhi, March 17, 2026: The Board of Directors of Power Finance Corporation Ltd. (PFC), a leading NBFC and a Government of India undertaking, met today and approved a massive fundraising plan for the financial year 2026-27, alongside declaring a fourth interim dividend for its shareholders.
In a stock exchange filing, PFC announced that it has authorized a total resource raising plan of up to ₹1,60,000 crore (Rupees One Lakh Sixty Thousand Crore only) for the upcoming fiscal year. This comprehensive plan includes both long-term and short-term borrowings from domestic and international markets.
Key Highlights of the Borrowing Plan:
-
Total Approved Limit: ₹1,60,000 crore for FY 2026-27, excluding funds raised under Extra Budgetary Resources (EBR).
-
Long/Medium Term Domestic Borrowings (up to ₹1,10,000 crore): This includes a mix of instruments such as Capital Gain Bonds (u/s 54EC), public issues/private placements of taxable/tax-free bonds, green/social/ESG bonds, infrastructure bonds, and term loans from banks and financial institutions. The tenors for these bonds can extend up to 30 years.
-
Long/Medium Term Foreign Currency Borrowings (approx. ₹20,000 crore*): To raise funds equivalent to approximately USD 2.21 Billion through loans (syndicated, from multilateral agencies) and bonds (green, subordinated) in international markets.
-
Short Term Borrowings (₹30,000 crore): This head includes domestic instruments like short-term loans and commercial papers, as well as foreign currency borrowings.
The Board has authorized the Chairman & Managing Director, on the recommendation of the Director (Finance), to interchange the amounts among the different sources within the overall approved limit during the year.
Fourth Interim Dividend Declared
In a move that will please investors, the Board also declared a fourth interim dividend of ₹3.25 per equity share (i.e., 32.50%) on the face value of ₹10/- each for the financial year 2025-26.
The company has fixed Monday, March 23, 2026, as the 'Record Date' to determine shareholder eligibility for the dividend. The payment will be made on or before April 16, 2026.
PFC also reminded its shareholders that, in line with recent regulatory amendments, dividends will now be paid only through electronic modes. Shareholders are urged to update their bank account details with their respective Depository Participants (for demat holdings) or the company's RTA (for physical holdings) to ensure timely credit.
The meeting of the Board of Directors commenced at 11:30 AM and concluded at 2:15 PM.