Power Finance Corporation Ltd, an Indian financial institution under the ownership of Ministry of Power has witnessed 34% increase in Standalone Profit After Tax from Q1’21. Following are the highlights of the first quarter result of 2021: Standalone 34% increase in Standalone Profit After Tax from Q1’21- PAT at Rs. 2,274 cr. for Q1’22 vs. […]
Discoms’ Outstanding Dues to Gencos Fall 3% to Rs 78,379 Cr in March
Total dues owed by electricity distribution companies to power producers fell 3.4 per cent to Rs 78,379 crore in March 2021 as compared to the year-ago period, showing a reversal of discoms’ growing outstandings. Outstanding dues of discoms towards electricity producers have been increasing year-on-year as well as month-on-month for years showing perennial stress in […]
Power Finance Corporation transfers SPV to PowerGrid
Power Finance Corporation announced that Bikaner-II Bhiwadi Transco (an SPV incorporated as a wholly owned subsidiary of PFC Consulting) established for transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1GW) under phase II part F has been transferred to Power Grid Corporation of India. Source: Capital markets
Selection for the post of Director (Commercials ) ,Power Finance Corporation ltd. (PFC) a schedule ‘A’ CPSE-reg.
PFC issues $500 mn senior unsecured dollar bonds
Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation Ltd. (PFC), has raised $500 million on January 29 through issuance of dollar denominated Bonds with a fixed maturity of May 16, 2031. New Delhi: Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation Ltd. (PFC), has raised $500 million on January 29 through issuance of […]
PFC Rs 5K cr bonds issue over-subscribed, closed 11 days ahead of schedule
Power Finance Corporation (PFC) has planned to raise Rs 10,000 crore through bonds in two tranches. State-run Power Finance Corporation’s Rs 5,000 crore taxable non-convertible debentures (NCDs) issue was subscribed close to nine times on Monday and closed for subscription 11 days ahead of the schedule, according to the BSE data. Power Finance Corporation (PFC) […]
PFC to raise Rs 10,000 cr through bonds issue; 1st tranche to open Jan 15
New Delhi: Power Finance Corporation Ltd (PFC), the nation’s biggest lender to the power sector, will raise Rs 10,000 crore through bonds in two tranches. The first tranche of Rs 5,000 crore will open for subscription on January 15 and close on January 29, according to the company’s prospectus. PFC had previously sold tax-free infrastructure […]
APP alleges TANGEDCO demanding heavy discounts from IPPs, seeks power min’s intervention
The APP in its letter to the minister also said that the state-run non-banking firms PFC and REC should be directed to release funds for payment of bills of IPPs, central generating stations and renewable energy projects together. New Delhi: The Association of Power Producers (APP) has written to Union Power Minister R K Singh, […]
Loans worth Rs 1.18 lakh crore sanctioned under discom liquidity package
In May, Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. New Delhi: Loans worth Rs 1.18 lakh crore have been sanctioned so far by state-run non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power […]
PFC and JKPCL signs and exchanges an agreement for Liquidity Infusion Scheme
PFC and JKPCL signs and exchanges an agreement for Liquidity Infusion Scheme under “Aatmanirbhar Bharat Abhiyaan” for the Jammu and Kashmir Union Territory PFC sanctions Rs 2790 crore to JKPCL to clear outstanding dues Government-owned Power Finance Corporation Ltd (PFC), India’s leading NBFC, has sanctioned Rs 2790 crore to Jammu Kashmir Power Corporation ltd (JKPCL) […]