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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

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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PFC NBCC and SSTHI Signed a MoA for CSR Support

New Delhi: A Memorandum of Agreement (MoA) has been signed amongst  PFC, NBCC (India) Ltd. and Swami Satyanand Trust for Handicapped India (SSTHI), Meerut to extend Rs. 4.43 Crore for Construction of ‘Brij Mohan School for the Blind’ in Meerut under PFC’s CSR initiatives in presence of Shr
Posted Date :  19-09-18

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PFC Received the Prestigious Rajbhasha Kirti Pratham Puraskar

New Delhi: Shri Rajeev Sharma, CMD, PFC received the prestigious 'Rajbhasha Kirti Pratham Puraskar' (in the category of region ‘A’) for the year 2017-18 from Hon’ble Vice President of India Shri M. Venkaiah Naidu at a function organized in Vigyan Bhawan by Department of Official Lan
Posted Date :  15-09-18

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CMD, PFC Interacts with Media Persons

New Delhi: PFC has organised a Press Meet yesterday in New Delhi, wherein CMD, Shri Rajeev Sharma, Dir (Fin) Shri N.B. Gupta, Dir (Projects) Shri C. Gangopadhyay and Dir (Commercial) Shri P.K.Singh interacted with Print, TV & electronic media. The crux of the discussion was on stressed power asse
Posted Date :  13-09-18

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Shri P.K. Singh Appointed as the Director Commercial in PFC

New Delhi: Mr. Praveen Kumar Singh, Executive Director (Projects), Power Finance Corporation Ltd. took over the role of Director (Commercial), PFC on 10th August 2018. Prior to taking charge, he had worked in various units of Projects Division in PFC for over 24 years.   Earlier Mr Singh
Posted Date :  14-08-18

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CERC Organises Conference on Electricity Regulation

Mumbai: Central Electricity Regulatory Commission, in collaboration with Power Finance Corporation, organized a Conference on 'Electricity Regulation - Investor Perspective' at Mumbai. Shri P K Pujari, Chairperson, CERC addressing the Investors on this occasion. Shri Rajeev Sharma,
Posted Date :  27-07-18

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PFC Organised a Training Program on Youth Leadership for Children

New Delhi: Power Finance Corporation Limited organized a training program on ‘Youth Leadership’ for the children of its employees on 25th and 26th June 2018 with the help of ‘Tranzition Institute of Excellence’ in two subsequent batches. Batch I comprised of children studying in IVth to V
Posted Date :  06-07-18

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PFC Sanctions Rs. 10,218 Cr. to RRVUNL

New Delhi: Power Finance Corporation Ltd. has extended additional financial assistance to Rajasthan Rajya Vidyut Utpadan Nigam Ltd. to support their efforts to comply with the new emission norms of MoE&F. This financial assistance totaling to Rs. 2626 Crore is mainly for installation of Flue Gas
Posted Date :  29-06-18

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