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PFC and RITES signs MoU for strategic partnership

Published on June 01, 2023
Current Context: Power Finance Corporation (PFC), a Maharatana CPSU and India’s leading NBFC, has entered into a Memorandum of Understanding (MoU) with RITES Limited, a premier engineering consultancy company, to establish a strategic partnership for financing infrastructure and logistics sector projects in India and abroad.
PFC and RITES signs MoU for strategic partnership
  • The MoU will enable both the companies to explore consultancy opportunities for various Government Bodies, Private Entities and Multilateral Funding Agencies.
  • The collaboration will focus on identifying, evaluating, and funding projects in transportation, logistics, energy and allied infrastructure.
  • The MoU was signed on May 26, 2023 in the presence of Ravinder Singh Dhillon, CMD, PFC, Rahul Mithal, CMD, RITES, Directors of PFC & other senior Officials of both Companies


Q.1 Which of the following is a Maharatana CPSU and India’s leading NBFC?
a. RITES Limited
b. Power Finance Corporation
c. National Thermal Power Corporation
d. Bharat Heavy Electricals Limited
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