power finance corporation has priced U.S. $300,000,000 5.32% notes due 2031 under its U.S. $8,000,000,000 Global Medium Term Note Programme. The notes carry a coupon of 5.32% per annum, payable semi-annually in arrears on June 30 and December 30. The settlement date for the notes is expected to be June 30, 2026, and they will mature on June 30, 2031, unless previously redeemed.

The notes represent direct, unconditional, and unsecured obligations of the issuer. They will rank pari-passu among themselves and all other unsecured obligations of Power Finance Corporation. The securities will be listed on NSE IFSC and India INX.

The net proceeds from the issuance will be utilized in accordance with the external commercial borrowing guidelines of the Reserve Bank of India. This disclosure was made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bihar Infrapower Limited, a wholly owned subsidiary of Power Finance Corporation , has been struck off by the Registrar of Companies under Section 248 of the Companies Act 2013. This action follows the approval granted by the Ministry of Power, Government of India, to close the project and strike off the company's name.

Subsidiary Background and Closure

Bihar Infrapower Limited was incorporated on June 30, 2015, as a Special Purpose Vehicle (SPV) for the purpose of holding various licenses and land for the Ultra Mega Power Project in the State of Bihar (Banka UMPP). The subsidiary was not classified as a material subsidiary of Power Finance Corporation. Subsequently, the decision was made to close the project.

Regulatory Approvals

The Ministry of Power granted its approval for the closure and striking off of the company's name on November 27, 2025. Following this, the required documents for closure were filed with the Ministry of Corporate Affairs. The Registrar of Companies issued the final strike-off order via Public Notice No. ROC/C-PACE/STK-2/248(5)/2026-27/426.