Power Finance Corp. Cancels ₹2.4 Billion Loan to Shapoorji Pallonji Group

Power Finance Corporation (PFC) has decided not to sanction a ₹2.4 billion loan to the Shapoorji Pallonji Group. This decision comes after concerns over the group’s financial stability and the status of its projects. PFC’s move highlights growing caution among lenders amid rising debt levels in the construction and infrastructure sectors, signaling tougher scrutiny of loan approvals in the industry.