New Delhi, 30th November, 2020: Government-owned Power Finance Corporation (PFC), India’s leading NBFC, has won the Gold Award for Best Performing PSU for Covid Activities at the prestigious SKOCH Awards. The award was bestowed for consistent performance by PFC across
New Delhi, Nov 26 Power Finance Corporation Ltd. (PFC) along with REC Ltd. (REC) executed Memorandum of Understanding (MoU) with SJVN Thermal (P) Ltd. (STPL) for Extending Term Loan of Rs. 8520.46 Crore for 2×660 MW Buxar Thermal Power Project
New Delhi, Nov 12: State-run Power Finance Corporation (PFC) on Thursday reported a 72 per cent jump in its consolidated net profit at Rs 4,290 crore in the July-September quarter on account of higher revenues. Its net profit was Rs
New Delhi; 27.10.2020 : The Power Finance Corporation Ltd (PFC) shall be observing the “Vigilance Awareness Week-2020” from 27th October to 2nd November 2020. Shri Ravinder Singh Dhillon, CMD, PFC along with Shri P K Singh, Director (Commercial) & Addl.
New Delhi, 16th October, 2020: Government-owned Power Finance Corporation Ltd (PFC), India’s leading NBFC,has sanctioned Rs2790 crore to Jammu Kashmir Power Corporation ltd(JKPCL) for clearing its outstanding dues. PFC and JKPCL today signed and exchanged an agreement for Liquidity Infusion
New Delhi, Sep 29 Power Finance Corporation Ltd (PFC) has signed a performance-based ‘Memorandum of Understanding’ (MoU) with Ministry of Power, Govt. of India detailing various targets to be achieved by PFC during FY 2020-21. The MoU has been signed by
Power Finance Corporation (PFC), India’s leading NBFC, under its CSR initiative has installed a standalone solar roof top system at ASHA school, run by Indian Army Wives Welfare Association in Delhi Cantonment. Shri Ravinder Singh Dhillon Chairman and Managing Director,
New Delhi, Aug 19 The government has taken further steps to address liquidity issues affecting the discoms during the Covid-19 pandemic. It approved a special liquidity facility by way of additional working capital loan to be extended by state-owned financing
New Delhi, Aug 13 Amid rising stress in the power sector with faltering demand and increasing indebtedness, State-owned power sector NBFC, Power Finance Corporation (PFC) has reported a handsome recovery in its fortunes clocking growth both in its topline and bottomline
New Delhi, August 13 Govt owned PFC reported is Q1 CONSOLIDATED PAT UP 23% AT ₹3,557 CRORE AS AGAINST ₹2,900 CRORE. The revenue also increase by 16% increase in Consolidated Revenue from Operations from Q1’20 – Consolidated Revenues at ₹
New Delhi, 10th Aug, 2020: Government-owned Power Finance Corporation Ltd (PFC), India’s leading NBFC, today signed a MoA with District Administration of Siddharthnagarin Uttar Pradesh for construction of two Modular Operation Theatre Rooms in the District Hospital, Siddharthnagar. Under the
New Delhi, 29th July 2020: Government-owned Power Finance Corporation (PFC), India’s leading NBFC, signed a MoA with Indian Institute of Technology- Kanpur (IIT-K) for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial
New Delhi, 1st July 2020: Government-owned Power Finance Corporation (PFC), India’s leading NBFC, today announced the appointment of SmtParminder Chopra as Director (Finance) of the company. She succeeds Shri N.B. Gupta, who superannuated on June 30 2020. Smt. Chopra was
New Delhi, June 29 The government’s economic response against China may see public sector financiers restricting funding of projects that ise equipment from the neighbouring country, sources said on Monday. The practice would first be adopted in the power sector,
New Delhi, June 27 State-owned financier Power Finance Corporation (PFC) has ended financial year 2019-20 (April-March) on a strong note despite numerous challenges including outbreak of COVID 19. The lending institution delivered a sound financial performance with loan sanctions of
New Delhi, June 17 Delayed by Covid-19 outbreak, the listing process o f power PSUs’ joint venture EESL is expected to commence by the end of the current or the start of next fiscal year. The ‘Super-Energy Service Company’ which was
New Delhi, June 09 Government-owned Power Finance Corporation (PFC), India’s leading NBFC, signed an MoA with Shri Kedarnath Utthan Charitable Trust, Govt. Of Uttarakhand (SKUCT) for the reconstruction and restoration of Kedarnath town and its surrounding areas. Under the MoA, PFC
New Delhi, 30th May 2020: In yet another step to fight the COVID-19 pandemic, state-owned Power Finance Corporation Ltd (PFC) has come forward to provide financial assistance of ₹ 1.23 crore to the Government of Uttarakhand. The fund will be
New Delhi, 26th May 2020: Government-owned Power Finance Corporation (PFC), India’s leading NBFC, today entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh, to fund projects worth Rs.22,000 crore for
New Delhi, May 20 The government’s move to provide Rs 90,000 crore loans to state power distribution companies (discom) comes at an opportune time and will help clear a significant part of their obligations to power generation companies (genco), according
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