Wednesday, March 12, 2008

Power Finance - Outcome Of Board Meeting

Power Finance Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on March 11, 2008, has approved the following:

1. Approval for setting up a whollyowned subsidiary Company to promote, organise and carry on Consultancy services in the related activities of the Company.

2. Approval for setting up a wholly-owned subsidiary Company as nodal agency to implement Accelerated Power Development and Reform Programme of Government of India in the country.

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