Search result for 'power finance corporation'

PFC Consulting Forms SPVs for Transmission Systems in Maharashtra

March 21, 2025 18:30

PFC Consulting Limited has incorporated two SPVs for the development of transmission systems in Maharashtra, one for RE Power evacuation and another for data center supply.

PFC Chief Parminder Chopra Takes Charge of REC CMD

March 21, 2025 18:02

Parminder Chopra, CMD of PFC, has been given the additional charge of CMD REC by the Ministry of Power. The appointment is effective immediately for a period of three months.

PFC Transfers Mundra I Transmission SPV to Adani Energy

March 20, 2025 19:32

PFC Consulting Limited has transferred its wholly-owned subsidiary Mundra I Transmission Limited to Adani Energy Solutions. The SPV was established for the development of transmission system for...

PFC Board Approves Rs 1.4 Lakh Cr Borrowing, Rs 3.5/Share Dividend

March 12, 2025 14:03

Power Finance Corporation's board approves Rs 1.4 lakh crore borrowing for FY26 and declares a Rs 3.5 per share interim dividend for FY25. The company also plans to change its name.

Madhya Pradesh Attracts Record Rs 30.77 Lakh Cr Investment

February 25, 2025 21:02

Madhya Pradesh has secured a record Rs 30.77 lakh crore investment across sectors like clean energy, creating 21.4 lakh jobs. The state aims to become an investment hotspot, with Adani, Reliance,...

Madhya Pradesh Bags Record Rs 30.77 Lakh Cr Investment

February 25, 2025 17:54

Madhya Pradesh has secured a record Rs 30.77 lakh crore in investment commitments at its two-day investor summit, with major players like Adani, Reliance and NTPC making significant pledges.

PFC Develops Transmission Project for Green Hydrogen in Andhra

February 20, 2025 20:27

PFC incorporates a special purpose vehicle (SPV) for the development of a transmission system for green hydrogen projects in Andhra Pradesh.

PFC Net Profit Jumps 23% to Rs 7,760 Cr in Dec Quarter

February 12, 2025 14:49

Power Finance Corporation (PFC) has reported a 23% rise in its consolidated net profit to Rs 7,759.56 crore in the December quarter, driven by higher revenues. The company's renewable energy...

Juniper Green Energy Secures USD 1 Billion Debt Financing

February 10, 2025 12:10

Juniper Green Energy, a renewable energy developer, has secured USD 1 billion in debt financing to support the growth of its wind-solar hybrid and FDRE projects.

Shripad Naik Chairs Group of Ministers on Power Distribution

January 30, 2025 22:30

Union Minister Shripad Naik chaired a meeting on the viability of distribution utilities in India, addressing concerns about AT&C losses and financial stability of discoms.

PFC Consulting Sets Up SPV for Transmission Infrastructure

December 30, 2024 19:41

PFC Consulting Ltd has incorporated a project special purpose vehicle (SPV) for augmentation of transmission infrastructure at Fatehgarh-II PS, Fatehgarh-IV PS (Section-II) and Barmer-I PS.

PFC Consulting Develops Transmission System for Green Hydrogen in Mundra

December 27, 2024 12:53

PFC Consulting has formed a special purpose vehicle to develop a transmission system for green hydrogen and ammonia production in Mundra, Gujarat.

Acme Solar Secures Rs 1,988 Cr Loan for 300 MW Hybrid Project

December 26, 2024 15:06

Acme Solar Holdings has secured a Rs 1,988 crore loan from PFC to develop a 300 MW hybrid renewable energy project in Rajasthan and Gujarat. The project, awarded through a SECI auction, will be...

Andhra Pradesh Launches Energy Efficiency Programs with EESL

December 8, 2024 16:20

Andhra Pradesh partners with EESL to launch three programs aimed at boosting energy efficiency, environmental sustainability and economic empowerment. The initiatives include distribution of...

PFC Rejects Shapoorji Pallonji Loan: No High-End Exposure

November 13, 2024 16:49

PFC has decided not to sanction loans to Shapoorji Pallonji Group, citing a new sector and no appetite for high-end exposure. Learn more about the decision and PFC's role in infrastructure finance.

PFC Transfers Projects to Power Grid

November 8, 2024 18:27

PFC subsidiary transfers two transmission projects, Khavda PSL and Barmer I Transmission Limited, to Power Grid Corporation of India.

PFC Q2 Profit Up 9% to Rs 7,215 cr: Key Highlights

November 8, 2024 16:49

Power Finance Corporation (PFC) reported a 9% rise in Q2 profit to Rs 7,215 crore, driven by higher revenues. The company also witnessed growth in loan assets and a decline in bad loans.

PFC Infra Finance IFSC Gets Nod to Operate in Gift City

October 16, 2024 18:55

PFC Infra Finance IFSC Ltd receives approval from IFSCA to operate as a finance company in GIFT City, Gujarat, focusing on power and infrastructure sector lending.

Adani Energy Acquires SPVs from PFCCL for Rs 38 Crore

October 15, 2024 19:48

Adani Energy Solutions Ltd (AESL) has acquired two project special purpose vehicles from PFC Consulting Ltd for Rs 38 crore, expanding its network in Gujarat.

PFC Secures USD 1.265 Billion Foreign Currency Loan

October 4, 2024 16:15

Power Finance Corporation (PFC) has secured a USD 1.265 billion foreign currency term loan, the largest ever by an Indian PSU. The loan will be used to finance green energy projects and expand...

PFC Pays Rs 462 Crore Dividend to Govt in 2023-24

September 18, 2024 18:23

Power Finance Corporation (PFC) paid Rs 462 crore final dividend to the Indian government for FY 2023-24, its highest-ever dividend payout.

Tata Power-DDL, Nissin Electric Launch Micro Substation Project

September 10, 2024 15:49

Tata Power-DDL and Nissin Electric are collaborating on a demonstration project for India's first micro substation with PVT, aiming to provide stable power to off-grid areas.

PFC Secures JPY 25.5 Billion Loan for Wind Project in India

August 8, 2024 15:48

Power Finance Corporation (PFC) secures a JPY 25.5 billion loan from JBIC to finance a 300.3 MW wind energy project in Karnataka, India. The loan is part of JBIC's GREEN initiative.

Power Finance Corporation Q1 Profit Jumps 20% to Rs 7,182 cr

August 6, 2024 14:51

Power Finance Corporation's net profit surged over 20% to Rs 7,182 crore in the June quarter, driven by higher revenues. The company also declared an interim dividend of 32.50%.

SP Group Loan: Twin Security, Real Estate & Tata Sons Shares

August 6, 2024 11:10

SP Group clarifies its loan from Power Finance Corporation (PFC) has a twin security structure, including Tata Sons shares, and is not a bailout. The loan is backed by real estate assets and...

Tata Power to Acquire SPV in Odisha - Transmission Project

August 5, 2024 13:19

Tata Power receives LoI from PFC Consulting to acquire Paradeep Transmission Ltd, a project SPV in Odisha. The SPV will provide transmission service for 35 years.

EESL Launches Retail Shops for Energy-Efficient Products

July 21, 2024 11:01

EESL is opening 'Urja Dakshta Dukan' retail shops across India to make energy-efficient products like LED lights, ACs, and fans more accessible.

Sandeep Kumar Appointed Director (Finance) at PFC

July 11, 2024 18:46

Sandeep Kumar, former Executive Director (Finance) at PFC, has been appointed as Director (Finance) at the power finance company, effective July 11, 2024.

PFC Extends Rs 1,870 Cr Loan to Chenab Valley Power Project

June 14, 2024 21:39

PFC has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) to extend a term loan of Rs 1,869.265 crore for the Kiru Hydro Electric Project in Jammu & Kashmir.

Sterlite Power Secures Rs 1,373 Crore for Neemrana II Kotputli Project

May 30, 2024 13:47

Sterlite Power has secured Rs 1,373 crore funding from Power Finance Corporation for its Neemrana II Kotputli Transmission Limited (NKTL) project, a vital green energy corridor in India.

IREDA Plans FPO to Fund Renewable Energy Projects

May 21, 2024 18:10

IREDA, a state-owned finance firm, is considering a follow-on public offer (FPO) and perpetual debt to meet its future capital requirements for renewable energy projects. The company's loan...

PFC Q4 Profit Soars 23% to Rs 7,556 Crore

May 15, 2024 13:21

Power Finance Corporation (PFC) reported a 23% increase in consolidated net profit for the March quarter FY24, driven by growth in its loan portfolio. The company also saw a significant increase in...

PSU Bank Stocks Plunge After RBI Tightens Project Finance Rules

May 6, 2024 18:38

PSU bank shares declined after the Reserve Bank of India proposed stricter rules for lending to projects under construction, impacting banks like PNB, Canara Bank, and Bank of Baroda.

Vedanta Shares Surge on Growth Roadmap, Biggest Monthly Gain in 10 Years

April 18, 2024 20:54

Vedanta shares hit a 52-week high as Chairman Anil Agarwal outlines a transformative growth plan for FY25, including deleveraging and expansion. The company's demerger plans and strong commodity...

Vedanta Secures Rs 3,900 Cr Loan for Power Projects

April 15, 2024 18:05

Vedanta Ltd has secured a Rs 3,918 crore loan from PFC to expedite completion of its power projects, aiming to reach 4.8 GW capacity by FY27.

PFC Pays Rs 2,033 Cr Interim Dividend to Govt for FY24

April 3, 2024 20:01

PFC, a state-owned financial institution, has paid a record interim dividend of Rs 2,033 crore to the government for FY24, marking the highest-ever interim dividend by the company.

Shriram Finance Replaces UPL in Nifty 50: NSE Index Changes

February 28, 2024 22:27

Shriram Finance will replace UPL in the Nifty 50 index effective March 28, 2024. Other changes include additions and removals in Nifty Next 50, Nifty 100, and sectoral indices.

PFC Partners with SACE to Boost India-Italy Cooperation

February 23, 2024 15:25

PFC, an Indian state-owned firm, has partnered with SACE, Italy's export credit agency, to facilitate ECA-backed financing for projects in India, leveraging Italian technology and boosting...

PFC & Goa Govt Partner for Green Energy Initiatives

February 20, 2024 19:25

PFC and the Goa government have signed an MoU to support green energy initiatives in the state, including renewable energy, green hydrogen, and electric vehicles.

Goa & World Bank Partner for Climate Resilience Finance

February 20, 2024 12:19

Goa and the World Bank collaborate on a blended finance facility to support climate-resilient investments, focusing on renewable energy, e-mobility, and coastal protection.

PFC Sets Up Subsidiary at GIFT City: First Govt NBFC in IFSC

February 13, 2024 19:47

PFC Ltd has incorporated a wholly-owned subsidiary, PFC Infra Finance IFSC Ltd, at GIFT City, Gujarat, becoming the first government NBFC in the IFSC.

PFC Q3 Profit Surges 20% to Rs 6,294 Crore

February 8, 2024 16:21

Power Finance Corporation (PFC) reported a 20% rise in its net profit for the December quarter, reaching Rs 6,294 crore. The company also saw a significant increase in loan assets and a decrease in...

RBI Fines PFC Rs 8.8 Lakh for Liquidity Risk Compliance

February 6, 2024 19:39

The Reserve Bank of India (RBI) has imposed a penalty of Rs 8.8 lakh on Power Finance Corporation (PFC) for non-compliance with liquidity risk management regulations.

PFC Gets RBI Nod to Set Up Finance Company in GIFT City

January 9, 2024 19:52

Power Finance Corporation (PFC) receives RBI approval to establish a wholly-owned finance company in GIFT City, Gujarat, aiming to expand its global presence in the power sector.

PFC Gets RBI Nod for Gujarat Finance Company

January 9, 2024 18:37

Power Finance Corporation (PFC) receives RBI approval to establish a wholly-owned finance company at the GIFT City IFSC in Gujarat, expanding its business opportunities.

Power Finance Corp Commits Rs 25,000 Cr for Gujarat Power Projects

January 4, 2024 10:50

Power Finance Corporation (PFC) has signed an MoU with the Gujarat government to provide Rs 25,000 crore for power generation, transmission, and distribution projects.

Gujarat Vibrant Summit: Rs 10 Lakh Crore Investments, 13 Lakh Jobs

January 3, 2024 20:52

Gujarat government signs 234 MoUs ahead of Vibrant Summit, attracting over Rs 10 lakh crore investments and creating 13 lakh job opportunities.

Sterlite Power Acquires Rajasthan Transmission Project

December 28, 2023 15:51

Sterlite Power has acquired Neemrana II Kotputli Transmission in Rajasthan, its 20th project under the TBCB process. This acquisition strengthens the company's green energy portfolio and...

PFC Consulting Forms Subsidiary for Jharkhand Transmission Project

December 6, 2023 13:51

PFC Consulting has incorporated Gola B-Ramgarh Transmission Ltd as a subsidiary to implement a transmission project in Jharkhand, involving the development of an intra-state transmission system.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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Search result for 'power finance corporation'

REC Approves Rs 1.7 Lakh Cr Borrowing for FY26

PFC Consulting Forms SPVs for Transmission Systems in Maharashtra

PFC Chief Parminder Chopra Takes Charge of REC CMD

PFC Transfers Mundra I Transmission SPV to Adani Energy

PFC Board Approves Rs 1.4 Lakh Cr Borrowing, Rs 3.5/Share Dividend

Madhya Pradesh Attracts Record Rs 30.77 Lakh Cr Investment

Madhya Pradesh Bags Record Rs 30.77 Lakh Cr Investment

PFC Develops Transmission Project for Green Hydrogen in Andhra

PFC Net Profit Jumps 23% to Rs 7,760 Cr in Dec Quarter

Juniper Green Energy Secures USD 1 Billion Debt Financing

Shripad Naik Chairs Group of Ministers on Power Distribution

PFC Consulting Sets Up SPV for Transmission Infrastructure

PFC Consulting Develops Transmission System for Green Hydrogen in Mundra

Acme Solar Secures Rs 1,988 Cr Loan for 300 MW Hybrid Project

Andhra Pradesh Launches Energy Efficiency Programs with EESL

PFC Rejects Shapoorji Pallonji Loan: No High-End Exposure

PFC Transfers Projects to Power Grid

PFC Q2 Profit Up 9% to Rs 7,215 cr: Key Highlights

PFC Infra Finance IFSC Gets Nod to Operate in Gift City

Adani Energy Acquires SPVs from PFCCL for Rs 38 Crore

PFC Secures USD 1.265 Billion Foreign Currency Loan

PFC Pays Rs 462 Crore Dividend to Govt in 2023-24

Tata Power-DDL, Nissin Electric Launch Micro Substation Project

PFC Secures JPY 25.5 Billion Loan for Wind Project in India

Power Finance Corporation Q1 Profit Jumps 20% to Rs 7,182 cr

SP Group Loan: Twin Security, Real Estate & Tata Sons Shares

Tata Power to Acquire SPV in Odisha - Transmission Project

EESL Launches Retail Shops for Energy-Efficient Products

Sandeep Kumar Appointed Director (Finance) at PFC

PFC Extends Rs 1,870 Cr Loan to Chenab Valley Power Project

Sterlite Power Secures Rs 1,373 Crore for Neemrana II Kotputli Project

IREDA Plans FPO to Fund Renewable Energy Projects

PFC Q4 Profit Soars 23% to Rs 7,556 Crore

PSU Bank Stocks Plunge After RBI Tightens Project Finance Rules

Vedanta Shares Surge on Growth Roadmap, Biggest Monthly Gain in 10 Years

Vedanta Secures Rs 3,900 Cr Loan for Power Projects

PFC Pays Rs 2,033 Cr Interim Dividend to Govt for FY24

Shriram Finance Replaces UPL in Nifty 50: NSE Index Changes

PFC Partners with SACE to Boost India-Italy Cooperation

PFC & Goa Govt Partner for Green Energy Initiatives

Goa & World Bank Partner for Climate Resilience Finance

PFC Sets Up Subsidiary at GIFT City: First Govt NBFC in IFSC

PFC Q3 Profit Surges 20% to Rs 6,294 Crore

RBI Fines PFC Rs 8.8 Lakh for Liquidity Risk Compliance

PFC Gets RBI Nod to Set Up Finance Company in GIFT City

PFC Gets RBI Nod for Gujarat Finance Company

Power Finance Corp Commits Rs 25,000 Cr for Gujarat Power Projects

Gujarat Vibrant Summit: Rs 10 Lakh Crore Investments, 13 Lakh Jobs

Sterlite Power Acquires Rajasthan Transmission Project

PFC Consulting Forms Subsidiary for Jharkhand Transmission Project

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