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. […]
PFC Witnesses 28% Increase in Consolidated Profit After Tax From Quarter 1’ 2021
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.
Selection for the post of Director (Commercials ) ,Power Finance Corporation ltd. (PFC) a schedule ‘A’ CPSE-reg. For more information please see below link: