The firm will expand into refinancing and launch special financial packages for power transmission projects won through competitive bidding, chairman Rajeev Sharma told ET.
Power Finance Corp posted a net loss for the fourth quarter and a sharp drop in profit for the fiscal year, as it made a huge retroactive provision against stressed assets.
Sharma said it would have posted a profit comparable to the previous year of about Rs 6,240 crore in FY17 had it not made the provision, the impact of which was Rs 3,786 crore.
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