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Power Finance Corporation

PFC board okays purchase of government's stake in REC

The government is expected to garner around Rs 15,000 crore from this sale process.

Dec 21, 2018, 11:44 AM IST

Cabinet gives in-principal approval for sale of government's 52.63% stake in REC to PFC

Both REC and PFC are Central Public Sector Enterprises (CPSEs) under the Ministry of Power.

Dec 07, 2018, 10:19 AM IST

India's Power Finance Corp lists green bond on London Stock Exchange

In total, there are 59 green bonds listed in London that have raised over USD 19.5 billion in aggregate terms across seven currencies.

Nov 30, 2017, 11:35 AM IST

Power Finance Corp to raise Rs 65,000 crore via debt

Power Finance Corporation on Thursday said it will seek shareholders' nod to raise up to Rs 65,000 crore through issuance of securities on private placement basis.

Aug 31, 2017, 18:17 PM IST

Fitch affirms PFC rating at BBB- on strong govt support

Fitch Ratings has affirmed Power Finance Corporation (PFC) rating at BBB- and maintained a stable outlook due to strong government support and its healthy financial performance.

Jun 02, 2017, 16:27 PM IST

PFC Ltd board to consider interim dividend next week

 State-run Power Finance Corporation (PFC) today said its board will meet next week to consider interim dividend for the ongoing fiscal.

Dec 08, 2015, 15:10 PM IST

Govt to sell 5% stake in PFC on July 27

Government will divest 5 percent of its stake in Power Finance Corporation on July 27 which may fetch around Rs 1,700 crore at current market price.

Jul 24, 2015, 22:44 PM IST

PFC incorporates BMPL as wholly-owned subsidiary

"Bihar Mega Power Limited has been incorporated as wholly owned subsidiary of the Company on July 9, 2015," Power Finance Corporation Ltd informed BSE.

Jul 15, 2015, 17:16 PM IST

PFC's net profit rises 11% to Rs 1,561 crore in Q4

State-run Power Finance Corp Thursday reported 11 percent rise in its standalone net profit at Rs 1,560.76 crore for the fourth quarter ended March 2015.

May 28, 2015, 18:58 PM IST

PFC exceeds loan sanction target by Rs 5,000 crore in FY'15

State-run lender Power Finance Corporation on Monday said it has surpassed its loan sanction target by Rs 5,000 crore to touch Rs 60,000 crore for 2014-15.

Apr 13, 2015, 20:08 PM IST

PFC to disburse Rs 44K crore loans in FY'16

State-owned lender Power Finance Corporation plans to disburse over Rs 44,000 crore loans during the current financial year (2015-16).

Apr 01, 2015, 16:26 PM IST

Power Finance Corp posts Q3 Net at Rs 1,542 crore

State-run lender Power Finance Corporation today reported its Q3 net profit at Rs 1,541.73 crore, almost flat as compared with the year-ago period.

Feb 11, 2015, 17:46 PM IST

Govt may sell 5% stake in PFC next week

The government is likely to offload 5 percent of its stake in Power Finance Corporation (PFC) next week which could fetch Rs 1,850 crore to the exchequer.

Jan 24, 2015, 00:00 AM IST

PFC under process to select developer for 3 coal blocks

As per the new Model Bidding documents issued by the Power Ministry, all activities related to the development of coal blocks are to be carried out by power procuring state utilities.

Jul 20, 2014, 11:31 AM IST

Government eases eligibility criteria for upcoming UMPPs

The government on Tuesday eased eligibility norms for companies that plan to bid for the proposed UMPPs in Odisha and Tamil Nadu by relaxing the capital cost and expenditure requirements.

Oct 15, 2013, 16:11 PM IST

PFC keen on setting up bank; to discuss matter soon

Power Finance Corporation has said its board would discuss applying for a bank licence, as the state-run lending agency meets the norms for setting up commercial bank which were issued by RBI last week.

Feb 24, 2013, 13:33 PM IST

Need for a funding agency for steel sector: SAIL

India needs to put in place a funding agency exclusively for the steel sector, on the lines of Power Finance Corporation, state-owned firm SAIL said Wednesday.

Aug 15, 2012, 16:43 PM IST

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

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.

May 22, 2012, 14:27 PM IST

PFC may fund GVK, Videocon's coal mine acquisitions overseas

State-run Power Finance Corporation (PFC) on Friday said it is in talks with GVK and Videocon to fund their coal mine acquisitions overseas on the condition that they bring a majority portion of the coal back to India.

Apr 13, 2012, 18:21 PM IST

PFC to raise Rs 40,000 cr next fiscal

State-run Power Finance Corporation (PFC) on Monday said it would raise Rs 40,000 crore in the next financial year (2012-13).

Feb 06, 2012, 12:27 PM IST