PFC: PFC, IREDA initiate probe into Gensol Engineering's Rs 663 crore loan
Power Finance Corporation and IREDA have launched internal investigations into a ₹663 crore loan to Gensol Engineering for EV purchases leased to BluSmart. The probes aim to identify missing EV delivery receipts, prompted by SEBI's order against Gensol's promoters for alleged fund diversion.
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PFC is an India-based financial firm that lends and funds infrastructure development projects in the electric power sector.
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