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PFC eyeing over 25 pc growth in funds from capital gain bonds this fiscal

State-run Power Finance Corporation Limited (PFC) is targeting higher fund flow from 54EC capital gain bonds in the last two quarters of this fiscal and expects to register 25 per cent growth in funds garnered from this instrument in 2020-21, a source said.The company had raised around Rs 1,100 crore from these bonds in 2019-20.However, despite getting good response in the last few years, the firm could not increase funding from this route in the first quarter of this fiscal mainly due to the COVID-19 impact."PFC is expected to get good fund flow from 54EC bonds in the remaining part of this fiscal and achieve over 25 per cent growth in this entire fiscal," the source said.Under Section 54EC of the Income Tax Act, investors can invest up to.....

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