The MoU were exchanged in the presence of Smt. Parminder Chopra, Director (Finance) & CMD (Addl. Charge), PFC, Shri Rajiv Ranjan Jha, Director (Projects) and Shri Manoj Sharma, Director (Commercial) at an event held on the side lines of G20 summit in Goa.

PFC recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, ports, roads, metro, biofuels, waste to energy etc.

These MoU were signed with Solar, Wind Power, Green Hydrogen, Battery Storage, Electric Vehicle companies as well as the manufacturers of green energy equipment among others in the clean energy space. Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Limited, Rajasthan Renewable Energy .

PFC enjoys the unique advantage of providing funds for longer tenure at competitive rates and taking larger exposures. PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space.

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So far, 86 coal mines have been auctioned under commercial coal mining, with a potential to generate ₹34,188 crore in annual revenue to States.The 7th tranche of commercial coal mines auctions offering a total of 98 mines is in progress.

It is expected that additional six commercially auctioned coal mines are likely to be operationalized in FY 2023-24 with an expected coal production of 12.2 million tonne (MT).

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Hema Malini and her actress daughter Esha Deol are the faces of the company that drew heavy criticism on social media for its advertisement. It cautioned against kneading of flour to make a dough by a maid claiming that “her hands might be infected” and suggested using the company’s product for the same purpose.

“Views expressed by the recent advertisement of Kent Atta by Kent RO Systems and are inappropriate. The Chairman has already tendered a public apology for the mistake. I hereby wish to put on record that I respect and stand by all sections of society,” read the 71-year-old MP’s statement shared on Twitter.

After facing flak on social media, the company took down the advertisement and tendered an apology. Twitter termed the ad to be “absurd”, “in bad light” and “classist”.

In his apology on behalf of the company, Chairman Mahesh Gupta said, “Our recent advertisement of Kent Atta & Bread Maker on social media was unintentional, badly communicated and was wrong. And therefore, it was immediately withdrawn. We are extremely sorry for this incident and want to apologise to everyone, especially to the people whose sentiments were hurt.”

The advertisement is contrary to the beliefs and professional standards of Kent, he added.

We will investigate how our advertisement standards were compromised and we will further take corrective and preventive action so that such incidents are not repeated in future,” Gupta said adding that “we support and respect all sections of the society and apologise for the mistake

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