April 13, 2012. State-run Power Finance Corporation (PFC) said it is in talks with GVK and Videocon to fund their coal mine acquisitions overseas on the condition that they bring a majority portion of the coal back to India. PFC said the company would carve out a separate unit - Facilitation Group - to finance such coal mine acquisitions. The state-run lender may form a subsidiary for such proposals in the future. The company which is engaged in funding power generation, transmission and distribution projects, plans to raise ` 40,000 crore during the current financial year as part of its resource mobilisation plan.