According to the report, power sector, one of the essential services under the lockdown till May 3, is battling the twin issues of demand and liquidity compression New Delhi: Industry body CII on Friday said discoms are likely to suffer a net revenue loss of around Rs 30,000 crore and liquidity crunch of about Rs […]
Power Finance Corporation contributes Rs 200 crore under CSR to “PM CARES Fund” in fight against COVID-19
Power Finance Corporation Ltd (PFC), leading NBFC and the central PSU under Ministry of Power , has pledged to contribute Rs 200 crore to the “Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund” (PM-CARES Fund) to support the battle against COVID-19. The amount would be part of Rs 925 Cr.which is committed collectively […]
IFB FOR SETTLEMENT OF LEASE OBLIGATIONS/OUTSTANDING DEBT OF RS INDIA WIND ENERGY PVT LTD
INVITATION OF BIDS FOR SETTLEMENT OF LEASE OBLIGATIONS/OUTSTANDING DEBT OF RS INDIA WIND ENERGY PRIVATE LIMITED TOWARDS POWER FINANCE CORPORATION LIMITED (PFC) For more information please see below link: For Further Information Please Contact : Name : RICHIE GIFTSON PAUL Designation : CHIEF MANAGER Phone Office : 01123456549, 01123456120 Fax No : 01123456549 Email […]
Now RE developers’ letter of comfort from PFC, REC, IREDA at par with bank guarantee
Developers need bank guarantees for placing bids for clean energy projects offered by nodal agencies like Solar Energy Corporation of India (SECI) and state-run power giant NTPC. New Delhi: To improve business environment for clean energy projects and attract investments, the government has decided to treat letter of comfort (undertaking) issued by state-run shadow banking […]
PFC raises $750 mn through overseas bonds
The final order book amounted to more than $2.2 billion, attracting active and wider participation from investors across US, European and Asian markets, with around 42 per cent participation from the US market. State-run Power Finance Corporation Ltd (PFC) on January 17 said it has raised $750 million through issuance of overseas bonds to fund […]
PFC inks loan pact for Euro 200 Million with KfW
The PFC will on-lend these funds for development of the distribution infrastructure of state-owned companies, a PFC statement said. State-run Power Finance Corporation (PFC) on November 1 said it has signed an agreement with German development bank KfW for a 200 million euro loan. The PFC will on-lend these funds for development of the distribution […]
PFC will continue its focus on renewable biz: Rajeev Sharma
Interview with chairman and managing director of PFC During the fiscal year 2018-19, Power Finance Corporation (PFC) Ltd completed the acquisition of Rural Electrification Corporation (REC) Ltd and is now looking at a merger of the two non-banking finance companies (NBFCs). Post acquisition, the consolidated loan book has increased to Rs 5,95,877 crore, making it […]
