New Delhi, January 17 Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, successfully carried out the issuance of 10.25 year USD 750 million bonds on 15th January 2020 under Reg S & 144 A route. The bonds
New Delhi; 10 January 2020: Minister of State for Power Sh. R K Singh and other senior officers of Ministry of Power, PFC & REC unveiled the IPDS Calendar 2020 during the Review, Planning & Monitoring (RPM) meeting on 09th
Asia’s Most Trusted Companies Awards 2019 is a distinctive recognition for a company recognized as a leader in its industry category based on current year marketing standing. The award has been conceptualized to include the organizations from diversified business segments
NewDelhi; 19.11.19:Foundation Stone was laid for construction of G+3 Building of Govt. Higher Secondary School Munderi (GHSS), Kannur district, Kerala by Shri. K.K. Ragesh, Member of Parliament (RS), presided over by Smt. P.P. Divya, Vice President, District Panchayat Kannur, in
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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