PFC and BEML ink an MoU to Enhance Collaboration in Infrastructure and Defence Sectors

New Delhi– Power Finance Corporation (PFC), a Maharatna Company  in the Indian power sector, has signed a Memorandum of Understanding (MoU) with BEML Limited, a Schedule ‘A’ Public Sector Undertaking (PSU) under the Ministry of Defence. This partnership aims to enhance collaboration in the financing and development of key infrastructure projects, according to acompany press note..

The MoU was signed at PFC’s corporate office in the presence of Smt. Parminder Chopra, CMD  and Shantanu Roy, CMD of BEML. Rajiv Ranjan Jha, Director (Projects);  Sandeep Kumar, Director (Finance) from PFC, & Anil Jerath, Director (Finance) from BEML were present during the occasion.

BEML plans to  make significant strides in the railway and metro sectors, as well as initiate new projects in the defence, aerospace, and mining industries. PFC will provide vital financing support to facilitate the timely completion of these infrastructure and logistics projects.

This MoU represents a crucial advancement in the cooperation between PFC and BEML, contributing significantly to the growth and development of nation’s defence  infrastructure.