Power Finance Corporation (PFC), a state-owned enterprise in India, has secured a foreign currency term loan of $1.27 billion, marking the largest loan of its kind for a public sector undertaking. This funding, arranged with multiple banks in IFSC GIFT City, will support PFC’s green energy transition and help expand its operations. The floating-rate loan, averaging 4.21% over five years, is issued in USD, EUR, and JPY and linked to benchmarks like SOFR and EURIBOR. PFC's initiatives align with India’s net-zero emissions goal by 2070.