Back to homepage

Tag "pfc"

PFC RECEIVES ‘SWACHH BHARAT AWARD 2019’

PFC RECEIVES ‘SWACHH BHARAT AWARD 2019’

🕔05:26, 10.Sep 2019

Power Finance Corporation Limited has been awarded with the ‘Swachh Bharat Award 2019’ for its significant CSR contribution under the initiative of Swachh Bharat Kosh. Shri Gajendra Singh Shekhawat, Minister of Jal Shakti, Ministry of Jal Shakti Department of Water

Read Full Article
PFC gets D&B Award for Best PSU in ‘ Financial Services’ category

PFC gets D&B Award for Best PSU in ‘ Financial Services’ category

🕔06:58, 23.Aug 2019 Read Full Article
PFC borrows USD 300 Million through Syndicated Loan

PFC borrows USD 300 Million through Syndicated Loan

🕔13:09, 1.Jul 2019

New Delhi, July 01 Power Finance Corporation Limited (PFC) has successfully raised equivalent USD 300 Million through 3 Year Syndicated Loan from State Bank of India, Hong Kong and MUFG Bank Limited, Singapore. This is PFC’s second foreign currency borrowing

Read Full Article
PFC explores options to maintain PSU character post merger with REC

PFC explores options to maintain PSU character post merger with REC

🕔21:26, 20.Jun 2019

New Delhi, June 20  Power Finance Corporation Ltd. may reduce its share capital post merger with REC Ltd. in order to maintain its public sector character of the merged entity with 51 per cent shareholding of the government. Post PFC-REC

Read Full Article
REC Signs MoU with PFC

REC Signs MoU with PFC

🕔17:35, 14.Jun 2019

REC Ltd. (formerly Rural Electrification Corporation Limited) has signed a performance-based ‘Memorandum of Understanding’ (MoU) with Power Finance Corporation Ltd (PFC) detailing various targets to be achieved by REC during FY 2019-20. The MoU has been signed by Shri Rajeev

Read Full Article
PFC SUCCESSFULLY RAISES USD 1 BILLION THROUGH REG-S BONDS

PFC SUCCESSFULLY RAISES USD 1 BILLION THROUGH REG-S BONDS

🕔05:11, 13.Jun 2019

PFC, a Government owned NBFC has successfully tapped international market and raised USD 1 billion through Reg- S bonds in one go. This was the PFC’s first issuance in the international market after successful acquisition of Government of India holding

Read Full Article
PFC Records 59% growth during the FY 18-19

PFC Records 59% growth during the FY 18-19

🕔15:46, 29.May 2019

1st significant development last FY 2018-19 was acquisition of REC PFC has successfully completed the acquisition of REC Ltd. As regards the consolidated numbers for FY 2018-19 post PFC acquisition of REC is concerned Consolidated loan asset book is at

Read Full Article
PFC may focus on 8 stressed power projects post SC order

PFC may focus on 8 stressed power projects post SC order

🕔07:07, 4.Apr 2019

New Delhi, April 4  The Power Finance Corporation (PFC) plans fresh resolution of eight stressed power projects, including Essar Mahan’s 600 MW plant and GMR Raikheda’s 1,370 MW plant following the Supreme Court decision annulling an earlier RBI circular. The

Read Full Article
PFC completes REC buy, pays Rs 14,500 cr to govt

PFC completes REC buy, pays Rs 14,500 cr to govt

🕔09:29, 29.Mar 2019

Shri Rajeev Sharma, CMD, PFC, handing over the Intra Bank Fund Transfer Advice of Rs.14,499,99,50,186/-  to Shri Ajay Kumar Bhalla, Secretary (Power), Govt. of India, being the purchase consideration for acquisition of 103.94 Crore shares of Government of India shares

Read Full Article
CMD PFC honoured with meritorious Energy Service Award by India Energy Forum

CMD PFC honoured with meritorious Energy Service Award by India Energy Forum

🕔20:26, 25.Feb 2019

New Delhi; 25.02.2019: Shri Rajeev Sharma, CMD, PFC was awarded with the prestigious India Energy Forum’s (IEF) “Meritorious Energy Service Award” for being the distinguished energy professional contributing heavily to the growth of the Indian Power Sector at India International

Read Full Article
Plan to acquire government’s shareholding in REC by March 31: PFC

Plan to acquire government’s shareholding in REC by March 31: PFC

🕔07:55, 19.Feb 2019

Mumbai, Feb 19  The Power Finance Corporation (PFC) on Monday said that it plans to acquire government’s shareholding and management control of Rural Electrification Corporation (REC) by March 31, 2019. In December 2018, the central government had given an “in

Read Full Article
PFC give an Update on its financial for the quarter ended December 2018

PFC give an Update on its financial for the quarter ended December 2018

🕔07:17, 19.Feb 2019

Key Financial Highlights: Profit saw a significant jump when compared with the: preceding quarter’s profit – jumped by 53% from Rs.1,355 crs to Rs. 2076 crs and for corresponding 9 months – profit is up by 71% to Rs.4,804 crs

Read Full Article
PFC net profit rises 70 pc to Rs 2,075 cr in Dec quarter

PFC net profit rises 70 pc to Rs 2,075 cr in Dec quarter

🕔09:49, 12.Feb 2019

Power Finance Corporation’sProfit After Tax (PAT) is up by 53% from Rs.1,355crorein the second quarter to Rs. 2076crore during the third quarter (October-December) of the current Financial year of 2018-19. The Net Interest Income rose by 12% to reach a

Read Full Article
Government nods sale of its 53% stake in REC to Power Finance Corp

Government nods sale of its 53% stake in REC to Power Finance Corp

🕔10:35, 7.Dec 2018

New Delhi, Dec 7  The Cabinet Committee on Economic Affairs (CCEA) on Thursday accorded in-principle approval for the strategic sale of the governments existing 52.63 per cent majority shareholding in the Rural Electrification Corporation (REC) to the state-run Power Finance

Read Full Article
PFC H1 PAT UP 16% at Rs. 2728 crore

PFC H1 PAT UP 16% at Rs. 2728 crore

🕔18:28, 2.Nov 2018

New Delhi, Nov 02 Consistent with its higher volume of operations, Power Finance Corporation’s Profit After Tax (PAT) is up by 16% from Rs.2348 crore to Rs. 2728 crore during the first half (April-September) of the current Financial year of

Read Full Article
CMD, PFC PRESENTS US $ 1 MILLION RTGS ADVICE TO ISA

CMD, PFC PRESENTS US $ 1 MILLION RTGS ADVICE TO ISA

🕔06:26, 5.Oct 2018

New Delhi, Sep 04 Rajeev Sharma, CMD, PFC, presented RTGS advice of US $ 1 million to R. K. Singh, Union Minister of State (I/C) of Power and New & Renewable Energy to the ‘International Solar Alliance’ with 121 member

Read Full Article
PFC SIGNS MOA WITH NBCC AND SSTHI FOR SUPPORT UNDER CSR

PFC SIGNS MOA WITH NBCC AND SSTHI FOR SUPPORT UNDER CSR

🕔10:40, 19.Sep 2018

New Delhi, Sep 18 A Memorandum of Agreement has been signed amongst PFC, NBCC (India) Ltd. and Swami Satyanand Trust for Handicapped India(SSTHI), Meerut to extend Rs. 4.43 Crore for Construction of ‘Brij Mohan School for the Blind’ in Meerut

Read Full Article
PFC SIGNS MOA WITH NBCC AND SSTHI FOR SUPPORT UNDER CSR

PFC SIGNS MOA WITH NBCC AND SSTHI FOR SUPPORT UNDER CSR

🕔10:25, 19.Sep 2018

A Memorandum of Agreement has been signed amongst PFC, NBCC (India) Ltd. and Swami Satyanand Trust for Handicapped India(SSTHI), Meerut to extend Rs. 4.43 Crore for Construction of ‘Brij Mohan School for the Blind’ in Meerut under PFC’s CSR initiatives

Read Full Article
PFC received the prestigious “Rajbhasha Kirti Pratham Puraskar”

PFC received the prestigious “Rajbhasha Kirti Pratham Puraskar”

🕔11:46, 17.Sep 2018

Shri Rajeev Sharma, CMD, PFC receiving the prestigious “Rajbhasha Kirti Pratham  Puraskar” (in the category of region ‘A’) for the year 2017-18 from Vice President of India Shri M. Venkaiah Naidu  at a function organized in Vigyan Bhawan by Department

Read Full Article
Power Finance Corporation Forays into Financing of Sewage Treatment Plants

Power Finance Corporation Forays into Financing of Sewage Treatment Plants

🕔10:51, 25.Jul 2018

Power Finance Corporation (PFC) has extended financial assistance of Rs.192.79 crore to Nagpur Waste Water Management Pvt. Ltd., a Vishvaraj Group company, for establishment of Sewage Treatment Plant in Nagpur for Sale of 150MLD treated sewage water to PFC-fundedKhaperkheda&Koradi Thermal

Read Full Article