In Short : The government is evaluating options to retain at least a 51% stake in Power Finance Corporation after its proposed merger with REC. Measures under consideration include issuing preference shares or fresh equity to the Centre. The move aims to keep the merged entity classified as a government company while strengthening financing capacity […]
PFC Plans ₹5,000 Crore Fundraise via Non-Convertible Debentures to Strengthen Lending Capacity – EQ
In Short : State-owned Power Finance Corporation has announced plans to raise up to ₹5,000 crore through the issuance of non-convertible debentures. The proposed fundraising aims to enhance the company’s financial flexibility, support lending to the power and infrastructure sectors, and optimise its capital structure while meeting long-term funding requirements in a cost-effective manner. In […]
PFC Taps €150 Million KfW Loan to Drive Power Distribution Reforms Under RDSS – EQ
In Short : Power Finance Corporation (PFC) has signed a €150 million loan agreement with Germany’s KfW to support distribution sector reforms under the Revamped Distribution Sector Scheme (RDSS). The funding will help strengthen India’s power infrastructure, enhance efficiency, and reduce losses in electricity distribution, aligning with the government’s vision of reliable, affordable, and sustainable […]
PFC Secures largest-ever foreign currency term loan of USD 1.265 billion – EQ
In Short : Power Finance Corporation (PFC) has secured its largest-ever foreign currency term loan of USD 1.265 billion. This significant funding will support the corporation’s initiatives in financing power sector projects across India. The loan underscores PFC’s commitment to enhancing energy infrastructure and facilitating sustainable development, while also reflecting investor confidence in India’s growing […]
PFC Issue Tender for “Transmission system for evacuation of RE power from Raghanesda area of Gujarat – 3 GW under Phase-I” – EQ
PFC Issue Tender for “Transmission system for evacuation of RE power from Raghanesda area of Gujarat – 3 GW under Phase-I” For more information please see below link:
PFC secures JPY 25.5 billion loan from JBIC to finance wind project – EQ
In Short : Power Finance Corporation (PFC) has secured a JPY 25.5 billion loan from the Japan Bank for International Cooperation (JBIC) to finance a wind project. This funding will support the expansion of wind energy capacity and contribute to India’s renewable energy goals. In Detail : The loan proceeds will be used to finance […]
PFC receives “CSR Champion Award” at Outlook Planet Sustainability Summit & Awards 2024 – EQ
In Short : PFC has received the “CSR Champion Award” at the Outlook Planet Sustainability Summit & Awards 2024. This award recognizes PFC’s outstanding commitment to corporate social responsibility and its impactful contributions to sustainable development initiatives. In Detail : Power Finance Corporation Ltd. (PFC) has been honoured with the Corporate Social Responsibility award in […]
PFC pays Highest-ever Interim Dividend of Rs. 2,033 crores to Government of India – EQ
In Short : PFC has paid its highest-ever interim dividend of Rs. 2,033 crores to the Government of India, reflecting the company’s strong financial performance and its contribution to the national exchequer. In Detail : Power Finance Corporation Ltd. (PFC), a Maharatna Central Public Sector Enterprise and the country’s leading NBFC in the power sector, […]
PFC, Goa govt sign pact for green energy initiatives – EQ
In Short : The Power Finance Corporation (PFC) and the Goa government have signed an agreement to collaborate on green energy initiatives. This partnership indicates joint efforts to promote and implement sustainable energy projects in Goa, aligning with the state’s commitment to renewable energy and environmental conservation. In Detail : New Delhi : State-owned PFC […]
PFC, CEEW partner to enhance clean energy financing-EQ
The collaboration sets the stage for future initiatives, emphasising innovation, research and policy support to strengthen PFC’s role in India’s clean energy transition State-run PFC and the Council on Energy, Environment and Water (CEEW) on Tuesday announced a strategic partnership to advance the power sector lender’s commitment to becoming a leading net-zero financier. The partnership […]