Power Finance Corporation (PFC)

Power Finance Corporation has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan of JPY 2.65 billion or about Rs 165 crore. Under this facility, JBIC has proposed to finance some of PFC's projects which ensure effective reduction of greenhouse gas emissions and conservation of the global environment. This pact was executed under a general agreement signed between PFC and JBIC for JPY (Japanese Yen) 30 billion. The loan agreement was signed at JBIC headquarters Tokyo, between PFC Chairman and Managing Director R S Dhillon and Uchida Makoto, Managing Executive Officer of JBIC.

The state companies - Power Finance Corp Ltd (PFC), REC Ltd SJVN Ltd and Damodar Valley Corp (DVC) - aim to acquire the coal-fired power plant of Lanco Amarkantak in Chhattisgarh in central India

Power to be supplied for five years, qualifying gencos to get coal under SHAKTI scheme

Power Finance Corporation has sanctioned a loan of Rs 3,940 crore for the construction of the Machilipatnam greenfield seaport, Lok Sabha MP V Balashowri said on Saturday. The loan sanction letter has been sent to Machilipatnam Port Development Corporation Ltd, the MP told reporters here. The estimated cost of the Machilipatnam port is Rs 5,253.89 crore. Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy will lay the foundation of Machilipatnam port works on December 21, he added. He said that the authorities have started work for acquiring land for the construction of road-cum-rail connectivity for Machilipatnam port. The R&B Principal Secretary Praveen Prakash and former minister and local MLA Perni Ventaramaiah and other officials visited Machilipatnam and Pedana for the land recently. The Machilipatnam port will be constructed on nearly 4,000 acres in two phases as per the master plan.

The Union power ministry has moved a proposal to grant Power Finance Corporation (PFC) the status of a development financial institution (DFI)

Power min writes to FinMin, pitching PFC as lead agency for energy transition funding

Annual rating reveals absolute cash-adjusted losses increased by 10% in the sector between FY19 and FY21

State-run Power Finance Corporation (PFC) said it has paid the second interim dividend of Rs 369.57 crore to the government for the 2021-22 fiscal.

State-owned Power Finance Corporation on Thursday posted a 17 per cent rise in its consolidated net profit to Rs 5,023.42 crore in the September quarter, mainly on the back of higher revenues

Infosys, Wipro and MindTree on investors' radar ahead of the September earnings. Airline stocks also likely to be in limelight as aviation ministry allows 100 per cent occupancy for domestic flights

The 7-year instrument has been priced at 1.841%, which PFC says is the lowest yield locked in by an Indian issuer in Euro markets

State-run Power Finance Corporation (PFC) on Thursday posted an over 28 per cent jump in its consolidated net profit at Rs 4,554.98 crore in the June 2021 quarter, mainly due to higher revenues.

Amara Raja Batteries has been trading with a corrective bias for the last eight months and recently tested the major support zone around Rs 690 levels

State-run Power Finance Corporation (PFC) has paid an interim dividend of Rs 1,182.63 crore to the government for financial year 2020-21

AU Small Fin Bank launched its QIP on March 9 and fixed the floor price at Rs 1,181.06 per share

The firm posted a 17 per cent jump in its consolidated net profit at Rs 3,963.18 crore for the quarter ended in December

State-run Power Finance Corporation Limited (PFC) is targeting higher fund flow from 54EC capital gain bonds in the last two quarters of this fiscal

PFC, REC will first issue bonds based on initial demand from states

A wholly-owned company of the Madhya Pradesh govt, is building as many as 12 projects

After the merger, the new entity will be required to reduce its exposure in a project to 25 per cent which may not be feasible