PFC not to take exposure in Shapoorji Pallonji Group: PFC chairperson

Power Finance Corporation (PFC) has decided against lending to Shapoorji Pallonji Group. The decision comes after PFC's board deemed the loan, reportedly worth USD 2.4 billion, as too risky. PFC, primarily focused on infrastructure financing within the power sector, saw the loan as exceeding its risk tolerance for a new sector.
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