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Tag "Power Finance Corporation"

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

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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

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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

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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

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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

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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

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N.B. GUPTA, DIRECTOR (FINANCE), PFC WINS THE PRESTIGIOUS “CA CFO-PUBLIC SECTOR” AWARD

N.B. GUPTA, DIRECTOR (FINANCE), PFC WINS THE PRESTIGIOUS “CA CFO-PUBLIC SECTOR” AWARD

🕔15:15, 23.Jan 2019

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

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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

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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

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CMD, PFC administering oath to Employees on eve of Vigilance Awareness Week

CMD, PFC administering oath to Employees on eve of Vigilance Awareness Week

🕔20:52, 30.Oct 2018

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,

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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

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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

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PFC SANCTIONS RS.10,218 CR. TO RRVUNL

PFC SANCTIONS RS.10,218 CR. TO RRVUNL

🕔11:01, 29.Jun 2018

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

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PFC SIGNS MoA WITH SDMC

PFC SIGNS MoA WITH SDMC

🕔11:38, 1.Jun 2018

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

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PFC SIGNS MoA WITH CENTRAL AGRICULTURAL UNIVERSITY

PFC SIGNS MoA WITH CENTRAL AGRICULTURAL UNIVERSITY

🕔14:20, 15.May 2018

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

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PFC SIGNS MOU FOR FY 2018-19 WITH MINISTRY OF POWER

PFC SIGNS MOU FOR FY 2018-19 WITH MINISTRY OF POWER

🕔09:51, 15.May 2018

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

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PFC Forays into Financing of ‘Waste to Energy Sector’

PFC Forays into Financing of ‘Waste to Energy Sector’

🕔12:01, 16.Apr 2018

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

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PFC takes stressed projects before NCLT

PFC takes stressed projects before NCLT

🕔20:00, 12.Mar 2018

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

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REC, PFC not to give loans to discoms without loss-cutting plans

REC, PFC not to give loans to discoms without loss-cutting plans

🕔07:49, 9.Mar 2018

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.

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PFC PROVIDES A FINANCIAL ASSISTANCE OF RS. 50,200 CR. TO UP

PFC PROVIDES A FINANCIAL ASSISTANCE OF RS. 50,200 CR. TO UP

🕔13:22, 26.Feb 2018

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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