Power Finance Corporation, a Schedule – A Maharatna CPSE and India’s leading NBFC for the Power Sector has paid Rs 369.57 crore to Government of India and Rs 290.45 crore to other shareholders, totalling to Rs 660.02 crore as second Interim Dividend for the financial year 2021-22 on 10th December, 2021. The second interim dividend […]
PFC net profit rises 17 per cent to Rs 5,023 crore in Sep quarter – EQ Mag Pro
The total income of the company rose to Rs 19,282.60 crore in the Sepetember quarter from Rs 18,171.41 crore a year ago. New Delhi: State-owned Power Finance Corporation on Thursday posted a 17 per cent…Read More…
Rajiv Ranjan Jha takes charge as Director (Projects) PFC – EQ Mag Pro
Jha had also handled the renewable energy loan portfolio and worked extensively in the area of Project Appraisal especially for Independent Private Power Projects. State-owned Power Finance Corporation on Thursday said Rajiv Ranjan Jha has taken charge as its Director (Projects). Jha was earlier working as Executive Director (projects) in PFC before his elevation to […]
Power Minister takes review meeting on performance of REC ad PFC – EQ Mag Pro
Shri R.K. Singh, Union Minister of Power and New & Renewable Energy reviewed the performance of REC and PFC Limited on 4th and 5th October 2021 respectively, in the presence of Minister of State for Power Shri Krishan Pal, Secretary Power and Senior Officers of Ministry of Power, with CMDs of REC and PFC and […]
Power Minister takes review meetingon performance of REC ad PFC – EQ Mag Pro
Shri R.K. Singh, Union Minister of Power and New & Renewable Energy reviewed the performance of REC and PFC Limited on 4th and 5th October 2021 respectively, in the presence of Minister of State for Power Shri Krishan Pal, Secretary Power and Senior Officers of Ministry of Power, with CMDs of REC and PFC and […]
PFC, REC disburse Rs 85,000 crore to discoms under Atmanirbhar Bharat package – EQ Mag Pro
According to sources, the two lenders have disbursed around Rs 39,000 crore in the second tranche since January to discoms in Andhra Pradesh, Telangana, Rajasthan, Bihar, Tamil Nadu, Meghalaya and Jammu & Kashmir. State-run sector-specific lenders PFC and REC have disbursed Rs 85,000 crore to electricity distribution companies (discoms) under the Rs 1.25-lakh-crore liquidity infusion […]
Proud to share that company registered Rs 8,444 crore profit in FY20-21: PFC CMD at 35 AGM – EQ Mag Pro
During the year, PFC’s net worth crossed the Rs 50,000 Crore mark, consolidating its position as the largest lender in the Indian Power sector. New Delhi: Power Finance Corporation limited held its 35th Annual General Meeting (AGM) on Tuesday, September 21, 2021, through Video Conference. Shri R.S. Dhillon, Chairman, and Managing Director, PFC addressed Shareholders […]
PFC issues India’s first-ever Euro Green Bond – EQ Mag Pro
Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully issued its maiden Euro 300 million 7-year Euro Bond issuance on 13.09.2021. The pricing of 1.841% achieved is the lowest yield locked in by an Indian Issuer in the Euro markets. It is the first ever Euro denominated Green bond issuance from […]
PFC Signs Agreement With NHPC to Finance Hydro Power Projects – EQ Mag Pro
NHPC is engaged in the development of hydropower in India and has also diversified into solar and wind power. It also provides consultancy services to hydropower and renewable energy projects. New Delhi: State-owned Power Finance Corporation Ltd (PFC) on Tuesday said it has signed a pact with NHPC Ltd to lend funds for the development […]
NHPC Signs MoU With PFC to Fund Hydro Projects, Acquisition of Stressed Projects – EQ Mag Pro
The signing of the MoU will further bolster the long-standing association between PFC and NHPC and will herald a transformational opportunity between the two organizations, an official statement said Hydropower producer NHPC Limited has signed a memorandum of understanding with Power Finance Corporation (PFC) on Tuesday. The agreement is for funding hydroelectric projects by NHPC. […]