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
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
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
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
Mumbai, Jan 23 N.B. Gupta, Director (Finance), Power Finance Corporation (PFC) has won a prestigious award in the 12th ICAI’s “Leaders & Business Excellence Awards” for his dynamic and outstanding leadership. Mr Gupta received the award from Vijay Goel, Minister of State
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
New Delhi, Oct 30 On the occasion of ‘Vigilance Awareness Week’, Rajeev Sharma, CMD, PFC administered the Integrity Pledge to all the employees of the Corporation and employees in one voice vowed to fight corruption in all walks of life. CVO,
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
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
Power Finance Corporation Ltd. (PFC) has extended additional financial assistance to Rajasthan RajyaVidyutUtpadan Nigam Ltd.(RRVUNL) to support their efforts to comply with the new emission norms of MoE&F. This financial assistance totaling to Rs.2626 crore is mainly for installation of
Power Finance Corporation Limited (PFC), through its CSR&SD initiatives, has been undertaking projects for improving the quality of life of the society at large since 2010. PFC’s CSR activities span a wide range of areas from Education to Sanitation and
PFC extended financialassistance ofRs. 2.24 Crore towards Skill development for Unemployed Youth belonging to SC/ST/OBC/PwD/Women and EWS of society in six states of North East Region through Central Agricultural University (CAU), Manipur under PFC’s CSR initiatives for FY 2018-19. A
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 2018-19. The MoU has been signed by Shri Ajay Kumar
Power Finance Corporation Ltd. (PFC) has lent Rs.290 croreto the country’s largest operational 24 MW Waste to Energy (WTE) project, being operated by Ramky Group in Bawana Industrial Area of Delhi. This plant was commissioned in 2017 and is the
New Delhi, March 12 At a time when stressed projects and the bad loans of banks are in focus, state-run Power Finance Corp (PFC) has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against promoters of stressed
New Delhi, March 8 (IANS) The two financing arms of the Power Ministry have been directed not to grant loans to distribuition companies (discoms) making heavy losses unless these submit time-bound plans for reducing such losses, the Ministry said on Thursday.
Power Finance Corporation Ltd. (PFC) has executed Memoranda of Understanding (MoUs) with UP State sector power utilities viz. UPRVUNL, UPPTCL and UPPCL for providing the required financial assistance ofRs. 50,200 crore for upcoming greenfield and extension Thermal Generation projects at
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