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
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,
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
Loan sanctions of more than Rs 1 lakh crore 16% growth in its standalone revenue 10% growth in its Loan Assets 16bps increase in Interest Spread Net NPAs of the company reduced to 3.8% from 4.55% New Delhi, 25th June
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
New Delhi, 1st June Government-owned Power Finance Corporation (PFC), India’s leading NBFC, today announced the appointment of Shri Ravinder Singh Dhillon as its Chairman and Managing Director. R.S. Dhillon assumed the charge of the post of Chairman & Managing Director, PFC
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
New Delhi, May 7 Government-owned Power Finance Corporation (PFC) has accumulated non-performing assets (NPAs) totalling Rs 47,454 crore ($6.8bn) as of December 2019, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday. The
Highly motivating and inspirational message from CMD, PFC to its employees on performance of the Corporation during lockdown & just-concluded Financial Year Dear PFC family members I hope this message finds you and your loved ones in good health. Let
New Delhi, Mar 31 Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has pledged to contribute Rs 200 crore to the “Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund” (PM-CARES Fund) to support the
Power Finance Corporation Ltd (PFC), the leading NBFC in power sector has agreed in principle to provide a financial assistance of Rs. 50,00,000 (Rupees Fifty Lakh only) to Indian Red Cross Society. Under the CSR Initiative, the financial aid provided
Bengaluru, March 07 S.S Rao ,CGM (PR).Power Finance Corporation has been honoured with Hall of Fame Award in recognisation to his immense contribution to enrich the profession . Award was presented during the Global Communication Conclave organised by Public Relations
Aizawl (Mizoram), Mar 06 : Government-owned Power Finance Corporation (PFC), India’s leading NBFC, today inked an MoA with Health Dept Govt. Mizoram for the construction of a 100-beded Hospital at Mamit district at a cost of Rs.18 crore under its
New Delhi, March 03 R Murahari has been promoted to the post of Executive Director (HR,CSR, PR & Rajbhasha), PFC. A post-graduate in Energy Studies from IIT, Delhi, Murahari joined PFC in 1993 and has made significant contribution in the
New Delhi, Jan 27 State-owned Power Finance Corporation Limited (PFC) on Monday listed its global notes on India INX’s Global Securities Market (GSM), GIFT IFSCs leading primary market platform for raising funds from global investors. The listings are of $750
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
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
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