Back to homepage

Tag "pfc"

PFC wins the Gold Award for ‘Best Performing PSU’ at the prestigious SKOCH Awards

PFC wins the Gold Award for ‘Best Performing PSU’ at the prestigious SKOCH Awards

🕔14:54, 30.Nov 2020

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

Read Full Article
PFC  & REC EXTEND FINANCIAL ASSISTANCE OF RS. 8520 CRORE TO STPL’s   2x660MW BUXAR THERMAL POWER PROJECT

PFC & REC EXTEND FINANCIAL ASSISTANCE OF RS. 8520 CRORE TO STPL’s 2x660MW BUXAR THERMAL POWER PROJECT

🕔16:14, 26.Nov 2020

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

Read Full Article
PFC net profit jumps 72% to Rs 4,290 cr in Sep qtr

PFC net profit jumps 72% to Rs 4,290 cr in Sep qtr

🕔17:36, 12.Nov 2020

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

Read Full Article
PFC Observes Vigilance Awareness Week 2020

PFC Observes Vigilance Awareness Week 2020

🕔14:26, 27.Oct 2020

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.

Read Full Article
PFC sanctions Rs 2790 crore to JKPCL to clear outstanding dues

PFC sanctions Rs 2790 crore to JKPCL to clear outstanding dues

🕔18:07, 16.Oct 2020

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

Read Full Article
PFC signs MoU with Govt. of India detailing targets for FY 2020-21

PFC signs MoU with Govt. of India detailing targets for FY 2020-21

🕔15:13, 29.Sep 2020

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

Read Full Article
PFC’s CMD dedicates solar roof top system to ASHA school, Delhi Cant run by Army Wives Welfare Association

PFC’s CMD dedicates solar roof top system to ASHA school, Delhi Cant run by Army Wives Welfare Association

🕔19:13, 10.Sep 2020

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,

Read Full Article
Govt provides further liquidity to discoms by higher working capital loan

Govt provides further liquidity to discoms by higher working capital loan

🕔18:04, 19.Aug 2020

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

Read Full Article
PFC beats expectations, reports 23 pc jump in profit

PFC beats expectations, reports 23 pc jump in profit

🕔19:10, 13.Aug 2020

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

Read Full Article
PFC reports Q1 CONSOLIDATED PAT UP 23% AT Rs. 3557 and revenue up 16% at Rs  16,915 cr

PFC reports Q1 CONSOLIDATED PAT UP 23% AT Rs. 3557 and revenue up 16% at Rs 16,915 cr

🕔17:37, 13.Aug 2020

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 ₹

Read Full Article
PFC signs agreement to construct Modular Operation Theatres at District Hospital in Siddharthnagar, Uttar Pradesh

PFC signs agreement to construct Modular Operation Theatres at District Hospital in Siddharthnagar, Uttar Pradesh

🕔17:19, 10.Aug 2020

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

Read Full Article
PFC signs agreement with Indian Institute of Technology- Kanpur

PFC signs agreement with Indian Institute of Technology- Kanpur

🕔15:13, 29.Jul 2020

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

Read Full Article
Parminder Chopra takes charge as Director (Finance), PFC

Parminder Chopra takes charge as Director (Finance), PFC

🕔12:17, 1.Jul 2020

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

Read Full Article
PFC, REC may restrict funding to power projects based on Chinese equipment

PFC, REC may restrict funding to power projects based on Chinese equipment

🕔18:42, 29.Jun 2020

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,

Read Full Article
PFC ends on strong note with loan sanctions of over Rs 1 Lakh Cr

PFC ends on strong note with loan sanctions of over Rs 1 Lakh Cr

🕔13:13, 27.Jun 2020

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

Read Full Article
Delayed not dead: EESL plans Rs 5K cr IPO

Delayed not dead: EESL plans Rs 5K cr IPO

🕔17:35, 17.Jun 2020

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

Read Full Article
PFC signs agreement with Shri Kedarnath Utthan Charitable Trust, Government of Uttarakhand for reconstruction & restoration of Kedarnath town and its surrounding areas

PFC signs agreement with Shri Kedarnath Utthan Charitable Trust, Government of Uttarakhand for reconstruction & restoration of Kedarnath town and its surrounding areas

🕔20:48, 9.Jun 2020

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

Read Full Article
PFC to provide PPE Kits and Ambulances to Government of Uttarakhand in its fight against COVID-19

PFC to provide PPE Kits and Ambulances to Government of Uttarakhand in its fight against COVID-19

🕔16:37, 30.May 2020

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

Read Full Article
PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in Madhya Pradesh

PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in Madhya Pradesh

🕔16:52, 26.May 2020

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

Read Full Article
Rs 90,000 cr liquidity injection a breather for power gencos

Rs 90,000 cr liquidity injection a breather for power gencos

🕔15:27, 20.May 2020

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

Read Full Article