TAMIL NADU STATE AFFAIRS

Merger of 2 profit making finance corporations

  • The State government has ordered the merger of two profitmaking Non-Banking Financial Companies
  • Tamil Nadu Power Finance and Infrastructure Development Corporation Limited (TNPFC) under Energy Department.
  • Tamil Nadu Transport Development Finance Corporation Limited (TDFC) under Transport Department.
  • TNPFC and TDFC are brought under the control of the Finance Department.
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