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Power Finance Corporation Limited

Power Finance Corporation Ltd. is an Indian financial institution. Established in 1986, it is the financial back bone of Indian Power Sector. Net worth of the company in the year 2007-2008 was 8688 Crore Indian Rupees.

Power Finance Corporation Ltd. is an Indian financial institution. Established in 1986, it is the financial back bone of Indian Power Sector. Net worth of the company in the year 2007-2008 was 8688 Crore Indian Rupees. Initially wholly owned by the Government of India, the company issued an Initial Public Offering in January, 2007. The issue was oversubscribed by over 76 times, which is one of the largest for an IPO of any Indian Company in recent times. PFC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company has been conferred with many prestigious awards, the latest of which is 'KPMG-Infrastructure Today Award 2008' for its contribution in development of power sector. It is also an ISO 9001: 2000 certified company and enjoys the status of Navratna Company in India. On the 6th of December 2018, the Government of India approved PFC's takeover of REC.

Power Finance Corporation Limited news

PFC RECEIVES SWACHH BHARAT AWARD 2019

New Delhi: 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 Resources, River
Posted Date :  09-09-19

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Dun and Bradstreet for Best PSU presented to PFC.

NEW DELHI: Union Minister for Heavy Industries, Shri Arvind Ganpat Sawant giving away the D&B Award for Best PSU in ‘ Financial Services’ category to Shri Rajeev Sharma, CMD, PFC, Shri P K Singh, Director ( Commercial) & Shri R S Dhillon, Director (Projects)
Posted Date :  23-08-19

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PFC Provides Surgical Operating Microscope to BMCHRC Jaipur

New Delhi: Shri Rajeev Sharma, CMD, Power Finance Corporation (PFC) inaugurated the Surgical Operating Microscope recently in Bhagwan Mahaveer Cancer Hospital and Research Centre (BMCHRC), Jaipur.    PFC has provided financial assistance of Rs 136 lakh to BMCHRC for the purchase of surg
Posted Date :  29-07-19

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PFC Borrows USD 300 Million through Syndicated Loan

New Delhi: 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 in the current Quarter. Earlier
Posted Date :  27-06-19

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Shri Ravinder Singh Dhillon Appointed as Director of Projects at PFC

New Delhi: Shri Ravinder Singh Dhillon took over the charge of Director (Projects), Power Finance Corporation Ltd. on 12th June 2019. He has more than 34 years of experience in various areas of power sector and was serving as Executive Director in PFC prior to this appointment. With B.E. (Electri
Posted Date :  17-06-19

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PFC Raises 1 Billion USD Through Bonds

New Delhi: Power Finance Corporation (PFC), a Government owned NBFC has successfully tapped international market and raised $ 1 billion through Reg- S bonds in one go. This was the PFC's first issuance in the international market after successful acquisition of Government of India holding in
Posted Date :  11-06-19

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PFC Signs an MoU with Ministry of Power

New Delhi: Power Finance Corporation Ltd (PFC) has signed a performance-based ‘Memorandum of Understanding’ (MoU) with Ministry of Power, Govt. of India detailing various targets to be achieved by PFC during FY 2019-20. The MoU has been signed by Shri Ajay Kumar Bhalla, Secretary (Power),
Posted Date :  07-06-19

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Presentation on Managing Effective PR

New Delhi: Youngest Public Relations Professional Shri Shubham Saurav Singh, Asst. Manager (PR), Power Finance Corporation made a 'Presentation on Managing Effective PR' highlighting the issues pertaining to ‘Skilful Communication’ in the Company.   The purpose of the present
Posted Date :  22-05-19

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CMD PFC Inaugurates New Power Transformer under IPDS

New Delhi: Shri Rajeev Sharma, CMD, Power Finance Corporation (PFC) visited Kolkatta on 16 March 2019. He reviewed the progress of various aspects of Integrated Power Development Scheme (IPDS) being implemented in West Bengal along with senior officials of Energy department of West Bengal and Wes
Posted Date :  07-05-19

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PFC signs agreement to acquire majority stake in REC Limited

Power Finance Corporation Ltd. (PFC) has today signed a Share Purchase Agreement to acquire 103.94 crore equity shares of INR 10/- each, of REC Limited from the President of India constituting 52.63% of the paid-up share capital of REC Limited. This is a major milestone achieved by PFC, who is no
Posted Date :  22-03-19

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CMD PFC Awarded with Meritorious Energy Service Award

New Delhi: Shri Rajeev Sharma, CMD, Power Finance Corporation Limited (PFC) awarded with the India Energy Forum’s 'Meritorious Energy Service Award' for being the distinguished energy professional contributing heavily to the growth of the Indian Power Sector at India International Cen
Posted Date :  25-02-19

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CMD PFC Interacts with Media

Mumbai: Shri Rajeev Sharma, CMD, PFC Limited addressed the media persons in Mumbai today on 18th February 2019, in presence of Shri A. K. Verma, Joint Secretary, Ministry of Power and Shr N. V. Reddy, Joint Secretary, Department of Investment and Public Asset Management (DIPAM), Ministry of Finan
Posted Date :  18-02-19

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PFC Registered 53 Percent Profit in FY-2018-19

New Delhi: Power Finance Corporation’s Profit After Tax (PAT) is up by 53% from Rs.1,355 crore in the second quarter to Rs. 2076 crore during the third quarter (October-December) of the current Financial year of 2018-19. The Net Interest Income rose by 12% to reach a figure of Rs.2,435 crore as
Posted Date :  11-02-19

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PFC Awarded with Best PSU Award for Employee Productivity

New Delhi: Power Finance Corporation Limited (PFC) has been awarded the with 'Best PSU award' (Navratna) by Governance Now in the Employee Productivity category. Shri C Gangopadhyayji, Director (Projects) received the award on behalf of PFC from Shri Manoj Tiwari, Member of Parliament BJP
Posted Date :  18-01-19

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PFC Received the Prestigious CBIP Award

New Delhi: Power Finance Corporation Limited (PFC) has Awarded Prestigious Central Board of Irrigation and Power (CBIP) Award -2019. Shri Rajeev Sharma, CMD, PFC received the Award for 'Best Power Finance Company' from Union Minister of State (I/C) for Power & NRE Shri R. K. Singh, at a f
Posted Date :  07-01-19

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State Discoms and IPPs Ink PSAs and PPAs for 1900 MW

New Delhi: In a ceremony held in Power Finance Limited (PFC), under the aegis of Ministry of Power, Four (04) State Discoms namely Bihar, West Bengal, Telangana and Tamil Nadu signed Power Purchase Agreements with PTC India Ltd. Simultaneously, Power Supply Agreements Seven (07) were also signed
Posted Date :  31-10-18

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POSOCO Holds Annual General Meeting

New Delhi: Power System Operation Corporation Ltd. (POSOCO) successfully concluded its Annual General Meeting today. This was the Company's first Meeting with the presence of its whole time Directors after becoming an independent Government Company in January 2017. Representatives from the Mi
Posted Date :  29-10-18

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PFC Contributes 1 Million US Dollar to ISA for Green Energy

New Delhi: Shri Rajeev Sharma, CMD, Power Finance Corporation Limited, presented RTGS advice of US $ 1 million to Shri R. K. Singh,  Union Minister of State (I/c) of Power and New & Renewable Energy to the ‘International Solar Alliance’ with 121 member countries to promote renewable energy a
Posted Date :  04-10-18

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