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Govt may opt for UMPP bidding route for coal mine auction

Last Updated: Tuesday, August 12, 2014, 10:57

At present, the Ministry of Power awards ultra mega power projects (UMPPs) of 4,000 MW capacity each through international competitive bidding process.

PFC gets shareholders' nod for raising up to Rs 44,000 cr

Last Updated: Friday, June 20, 2014, 14:08

Shareholders have voted in favour of the fund raising plan along with proposal to enhance the borrowing power of the company.

PFC withdraws RFQ for Surguja UMPP in Chhattisgarh

Last Updated: Wednesday, October 16, 2013, 12:16

The government has withdrawn the the tender inviting preliminary bids for the proposed 4,000 MW ultra mega power project at Surguja in Chhattisgarh.

PFC eyes bank stake to bolster payment security mechanism

Last Updated: Friday, June 14, 2013, 19:11

The state-owned entity, that primarily lends to the power sector, is looking to buy stake in a public sector bank. The proposal has already been send to the Power Ministry.

PFC launches Rs 100 crore tax free bonds issue

Last Updated: Tuesday, February 19, 2013, 19:07

The issue, which started on Monday, has an option to retain over-subscription up to the residual shelf limit of Rs 3,890.25 crore.

PFC's Rs 100 cr tax-free bonds issue opens Monday

Last Updated: Sunday, February 17, 2013, 12:09

The proposed issue is part of its plan to garner Rs 5,000 crore by way of issuing tax-free securities in the current fiscal (2012-13). Out of the total target, Rs 1,110 crore has already been raised.

PFC Green Energy to start operations by March

Last Updated: Monday, January 14, 2013, 14:32

PFC Green Energy Ltd, the wholly-owned subsidiary of state-owned Power Finance Corporation, was constituted mainly to fund renewable power projects.

PFC's Rs 4,590 crore tax-free bond issue opens Friday

Last Updated: Thursday, December 13, 2012, 23:03

"The tax-free bond issue to raise close to Rs 4,590 crore will open on December 14 and close on December 21," the company said in a statement here.

PFC to launch Rs 4,590 cr tax-free bond issue from Dec 14

Last Updated: Wednesday, December 12, 2012, 21:45

State-run lending agency Power Finance Corp Wednesday said it will launch tax free bond issue to garner up to Rs Rs 4,590 crore from Friday.

Auction of Ronald Reagan blood vial cancelled

Last Updated: Friday, May 25, 2012, 13:49

The Ronald Reagan Presidential Foundation had expressed outrage over the auction, in which bidding had reached over USD 30,000.

PFC FY12 net up 16% at Rs 3,032 crore

Last Updated: Tuesday, May 22, 2012, 14:27

State-run Power Finance Corporation (PFC) on Tuesday reported a near 16 percent increase in net profit at Rs 3,032 crore for the financial year ended March 31, 2012.

NBCC IPO subscribed 19%; Godrej Prop share sale fully covered

Last Updated: Thursday, March 22, 2012, 14:27

State-run National Buildings Construction Corporation's initial public offer was subscribed 19 percent on the first day of the issue Thursday.