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PFC flags Gensol loan as fraud
Mint Mumbai
|May 22, 2025
The state-run firm fully provides for Gensol exposure, reports near 24% rise in Q4 profit on higher NII
State-run Power Finance Corp. has classified its loan to Gensol Engineering Ltd as fraud based on preliminary findings and has fully provided for the exposure, chairperson and managing director Parminder Chopra said.
This story is from the May 22, 2025 edition of Mint Mumbai.
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