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Psu PFC

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PFC Organise Yoga Camp

NEW DELHI: Power Finance Corporation (PFC), in collaboration with New Delhi Municipal Council (NDMC), has organized a Yoga Camp at F Block, Connaught Place, New Delhi on the occasion of International Yoga Day celebrations on 21 June. Employees of the Corporation turned up in large numbers to atte

Posted Date :  24-06-17

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PFC Contributes over Rs 54 Cr for Swachh Bharat Kosh

NEW DELHI. The CMD, Power Finance Corporation Ltd., Shri Rajeev Sharma presented the cheque for Rs 54.82 Cr Swachh Bharat Kosh to the Finance Secretary, Shri Ashok Lavasa, in New Delhi on March 31, 2017. The Secretary, Ministry of Drinking Water and Sanitation, Shri Parameswaran and other dignita

Posted Date :  01-04-17

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PFC signs pact with power distributor MSEDCL for Rs 3000 crore loan

NEW DELHI: State-run Power Finance Corporation (PFC) today said it has signed a loan agreement with Maharashtra State Electricity Distribution Co (MSEDCL) for financial assistance of Rs 3,000 crore.   This assistance will help MSEDCL meet its operational requirements within the working capi

Posted Date :  17-03-17

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PFC sanctions Rs 2703 cr loan for first Super Critical Thermal Power

New Delhi. Central Public sector undertaking, Power Finance Corporation Limited (PFC) has sanctioned a term loan of ? 2,703.88 crore to West Bengal Power Development Corporation Limited (WBPDCL) for the construction of Unit-5 (1X660MW) under Phase-III of Sagardighi Thermal Power Station in Murshidab

Posted Date :  08-03-17

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NRDC inaugurated its IPFC centre at Vishakhapatnam

Vishakhapatnam . National Research Development Corporation inaugurated an Intellectual Property Facilitation Centre (IPFC), at Andhra University College of Engineering campus, Vishapatnam. The IPFC is supported by MoMSME, Govt. of India.    The IPFC was inaugurated by Hon’

Posted Date :  03-02-17

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PFC REC may be valued upwards

MUMBAI. Even as many frontline stocks of non-banking financial companies (NBFCs) struggled to maintain their yearly gains in 2016, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) managed to defy the trend, closing the year with 36 and 24 per cent gains, respectively. T

Posted Date :  10-01-17

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PFC incorporates a new subsidiary for its own subsidiary

NEW DELHI Government of India promoted NBFC, the Power Finance Corporation has announced incorporation of a wholly owned subsidiary of PFC Consulting Limited, Fatehgarh-Bhadla Transmission Limited.    PFC Consulting Limited operates as a wholly owned subsidiary of Power Finance

Posted Date :  05-01-17

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Gangopadhyay Takes Over as New Director Projects PFC

NEW DELHI. Shri Chinmoy Gangopadhyay has assumed charge of Director (Projects), PFC w.e.f. 1st January, 2017. Mr. Gangopadhyay is a graduate in Electrical Engineering from IIT Kharagpur and MBA from FMS,    He has more than 35 years of experience in power sector, serving organiz

Posted Date :  04-01-17

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PFC conferred with the prestigious CBIP Award 2017

NEW DELHI . Shri R. Nagarajan, Director (Finance), Shri A.K. Agarwal,Director (Projects) & D. Ravi, Director (Commercial) PFC receiving the ‘CBIPAward 2017’ for ‘Best Power Finance Company’ from Dr. Sanjeev Kumar Balyan, Union Minister of State for Water Resources, Riv

Posted Date :  31-01-17

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PFC received three prestigious awards from Governance Now 2016

NEW DELHI . Shri R. Nagarajan, Director (Finance), A.K. Agarwal, Director (Projects) & D. Ravi, Director (Commercial) PFC receiving the ‘Governance Now PSU Awards 2016’ in the categories of ‘Overall Best Financial Performance’, ‘Strategic Performance’ and &

Posted Date :  27-12-16

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PFC bags 3 prestigious Awards at the Governance Now

NEW DELHI. Power Finance Corpopration ( PFC ) has bagged 3 prestigious Awards at the ' Governance Now ' Event .Shri Ram Vilas Paswan, Union Minister for Consumer Affairs, Food and Public Distribution, Shri Babul Supriyo, Union Minister MoS (HI&PE) and Shri Jitendra Kapoor, Legendary A

Posted Date :  26-12-16

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PFC to offer TV sets for 1600 villages in Arunachal

New Delhi.Power Finance Corporation (PFC) will offer TV sets to residents of 1,600 villages in Arunachal Pradesh under its corporate social responsibility (CSR) programme, according to Union Power Minister Piyush Goyal.    Speaking at the launch of GARV II, the second stage of t

Posted Date :  21-12-16

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PFC organizes 16th Inter-CPSU T-20 Cricket Tournament

NEW DELHI . The 16th Inter-CPSU T-20 Cricket Tournament is being organized by PFC under the aegis of Power Sports Control Board, Ministry of Power from December 5-10, 2016 in Delhi. Shri Rajeev Sharma, CMD, PFC inaugurated the Tournament in the presence of Directors and CVO during the opening cer

Posted Date :  10-12-16

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PFC Q2 PAT UP 11 percent

Consistent with higher volume of operations, Power Finance Corporation’s ( PFC) ‘Profit After Tax’ (PAT) is up 11% and has touched Rs 1,873 crore for the quarter ended September, 2016 as against Rs. 1,695 crore recorded during the same quarter last FY. ‘Loan Assets’

Posted Date :  12-11-16

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PFC observes Vigilance Awareness Week

NEW DELHI . Vigilance Awareness Week is being observed at Power Finance Corporation Ltd (PFC Ltd.) from 31st October to 5th November 2016 as per directives of CVC on the theme “Public participation in promoting integrity and eradicating corruption.”   On the opening day i

Posted Date :  03-11-16

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Shri Rajeev Sharma takes over as CMD of PFC

New delhi Shri Rajeev Sharma, has taken over the charge of ‘Chairman and Managing Director’ of Power Finance Corporation Ltd (PFC) with effect from 1st October, 2016. Shri Sharma succeeds Shri M.K. Goel who retired on 30th September, 2016 on attaining the age of superannuation. &n

Posted Date :  01-10-16

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Govt permits NHAI PFC others to raise Rs 31300 crore via bonds

New Delhi. Centre today approved a proposal to raise around Rs 31,300 crore by NHAI, PFC, REC, IREDA, NABARD and Inland Water Authority through issuance of bonds this fiscal for augment infrastructure spending.   "Union Cabinet under Chairmanship of Prime Minister Narendra Modi

Posted Date :  23-09-16

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PFC ORGANIZES BLOOD DONATION CAMP

New Delhi.Power Finance Corporation Ltd (PFC) organized a ‘Blood Donation Camp’ in collaboration with Lions Blood Bank on 17th September, 2016 at its premises in New Delhi.   Several enthusiastic donors including PFC employees, their families and general public participat

Posted Date :  21-09-16

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PFC Organises Blood donation camp

NEW DELHI . Power Finance Corporation Ltd (PFC) organized a ‘Blood Donation Camp’ in collaboration with Lions Blood Bank on 17th September, 2016 at its premises in New Delhi. Several enthusiastic donors including PFC employees, their families and general public participated in this no

Posted Date :  19-09-16

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PFC SIGNS MoU with the Ministry of Power for the FY 2016-17

New delhi . The Power Finance Corporation Ltd. (PFC) signed its performance related `Memorandum of Understanding` (MoU) with the Ministry of Power for the FY 2016-17 on 1st September, 2016. The MoU was signed by Shri P.K. Pujari, Secretary (Power), Govt. of India and Shri M.K. Goel, CMD, PFC in t

Posted Date :  02-09-16

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PFC Conferred With Dun And Bradstreet Psu Award 2016

NEW DELHI .Power Finance Corporation Ltd (PFC) conferred with Dun & Bradstreet PSUs Award 2016 in the category of ‘Financial Services’. This award was received by Shri A.K.Agarwal, Director (Projects), PFC from Shri Anil Swarup, Secretary, Ministry of Coal, Govt. of India in a fun

Posted Date :  25-08-16

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PFC raises Rs 4335 cr via bond issue on BSE e-book platform

NEW DELHI . Power Finance Corporation (PFC) has raised Rs 4,335 crore from the issuance of debt securities on the BSE`s newly launched electronic book mechanism platform. There were 15 arrangers in the issue, which was conducted on coupon discovery basis.   The platform -- BSE Bond--

Posted Date :  12-08-16

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Power Finance Corporation to merge PFC Green Energy with itself

NEW DELHI . Power Finance Corporation (PFC) has received an approval for merger of PFC Green Energy (PFC GEL), a wholly owned subsidiary of the company with itself.   The board of directors at its meeting held on August 09, 2016 has approved for the same.   PFC provides

Posted Date :  11-08-16

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PFC Q1 net up 9 percent at Rs 1713 crore

New delhi . Power Finance Corp (PFC) on Tuesday posted a 8.64% rise in standalone net profit at Rs 1,712.55 crore for the quarter ended June 30, on the back of higher interest income.   The company`s net profit for the April-June quarter last year was Rs 1,576.21 crore, PFC said in a

Posted Date :  10-08-16

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CSR initiatives by PFC

NEW DELHI .  As part of CSR initiatives for the FY 2016-17,  Power Finance Corporation (PFC) undertook the project of “Provisioning of Hi-End Prosthetic & Orthotic Artificial Limbs to Persons with Disabilities (PwDs) in Mumbai and its suburb areas i.e. Thane, Kalyan, Raigad, U

Posted Date :  20-07-16

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PFC received ICC PSE Excellence Awards 2015

  Shri M.K.Goel, CMD, PFC receiving ICC PSE Excellence Award in the category of Corporate Governance from Shri T.N.R.Rao, former Secretary, Ministry of Petroleum, Shri Bhaskar Chatterjee, former Secretary, Department of Public Enterprises Govt. of India

Posted Date :  09-07-16

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PFC received Dalal Street Investment Journal PSU Award 2015

NEW DELHI. Power Finance Corporation Ltd. has been conferred with the Dalal Street Investment Journal PSU Award 2015 in the category of "Navratna PSU of the Year- Non Manufacturing"     Shri D.Ravi, Director(Commercial) and Shri P.K.Bhargava, ED(PR) from PFC  

Posted Date :  23-04-16

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PFC conferred with India Pride PSU Award 2015-16

NEW DELHI . April 6 , 2016 Power Finance Corporation Ltd. (PFC) received “Dainik Bhaskar- India Pride PSU Award” for the year 2015-16 in the category of “Financial Services - NBFC”. Shri M. K. Goel, CMD, PFC received this  award from Shri M. Venkaiah Naidu, Union

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Shri SS RAO DGM PR PFC Bags Best PR Officer of the Year Award

NEW DELHI. March 15, 2016 Shri S S Rao, DGM (PR), PFC honoured with ‘Best PR Officer of the year’ Award (Govt. / PSU category) .Shri Nihalchand Meghwal,  Union Minister of State for Chemicals, Fertilizers and Panchayat Raj presented the award ro Shri Rao at the “10th Media

Posted Date :  15-03-16

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Director Finance PFC Receives the Prestigious ICAI 2015 Award

NEW DELHI . March 5, 2016 Shri R. Nagarajan, Director (F), PFC honores with the prestigious ‘The Institute of Chartered Accountants of India (ICAI) Award 2015’ under the ‘CA-CFO Financial Sector’ Category. These Awards are presented by ICAI every year to honour the exempla

Posted Date :  05-03-16

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PFC Pays Dividend to Govt.

NEW DELHI . The CMD, Power Finance Corporation Ltd. (PFC), Shri M.K. Goel    presenting the interim dividend cheque of Rs.402.71 crore for the Financial Year of    2015-16 to the Minister of State (Independent Charge) for Power, Coal and New and   

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PFC Pays Dividend to Govt.

NEW DELHI . The CMD, Power Finance Corporation Ltd. (PFC), Shri M.K. Goel    presenting the interim dividend cheque of Rs.402.71 crore for the Financial Year of    2015-16 to the Minister of State (Independent Charge) for Power, Coal and New and   

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PFC Q3 net up almost 3 percent New Delhi. Feb 10,2015.

Power Finance Corporation Ltd reported a standalone net profit  growth of 2.60 percent at Rs.1,582 crore for the third quarter of 2015-16 as  against Rs.1,542 crore in the same period of last fiscal.       In a stock exchange filing, the company also said

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Shri R. S. Dhillon appointed as ED (Projects), PFC

Shri Ravinder Singh Dhillon has been promoted to the post of Executive Director (Projects), Power Finance  Corporation Ltd.       He is currently looking after the commercial operations  of PFC in the Northern Region. Dhillon joined PFC in the year  1

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PFC declares Rs 8.8/share dividend; govt to gain Rs 787.53cr

New Delhi . Power Finance Corporation today declared an interim dividend of Rs 8.80 per share for 2015-16, which will fetch Rs 787.53 crore to the government.   Power Finance Corp in a filing to the BSE said that its board at its meeting held on December 16, 2015, "declared and

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PFC pays Dividend of 91% ti its Shareholders.

NEW DELHI . Power Finance Corporation Ltd  presented a cheque of Rs. 53.69 crore towards Final Dividend for FY 2014-15 @ 6% of the Govt. of India`s Share Holding in the Company. The cheque was presented to Shri Piyush Goyal, Union Minister of State (I/c) for Power, Coal & New Renewable E

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CMD , PFC felicitated for contribution in Swachh Bharat Abhiyan

NEW DELHI .  Shri Piyush Goyal, Union Minister of State (I/C) for Power , Coal and New & Renewable Energy felicitated Shri M. K. Goel, CMD, Power Finance Corporation  in recognition to the contribution made by PFC in construction of toilets for schools under “Swachh Bharat Abh

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PFC creates another subsidiary: Gurgaon-Palwal Transmission

NEW DELHI: Gurgaon-Palwal Transmission Ltd has been incorporated as a wholly-owned subsidiary by PFC Consulting Ltd, an arm of Power Finance Corporation.   "The following company (Gurgaon-Palwal Transmission Ltd) has been incorporated as a wholly-owned subsidiary by PFC Consul

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PFC`s PAT increased by 15%

NEW DELHI . Power Finance Corporation Ltd. (PFC) announced its H1 FY16 on 03.11.2015PFC`s PAT has increased to ` 3,272 crores for H1 FY16 as compared to PAT of ` 2,857 crores for H1 FY15, thereby registering an increase of 15%.   ·       &n

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Vigilance Awareness Week at PFC

NEW DELHI . Power Finance Corporation Limited observed Vigilance Awareness Week, 2015 from 26th October, 2015 to 31th October, 2015 which started with oath taking ceremony.Shri M.K. Goel, CMD, PFC administered oath to all employees of the Corporation.    During the week, vario

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PFC received Dun & Bradstreet Infra Award 2015

NEW DELHI.   Power Finance Corporation Ltd. has been conferred with Dun & Bradstreet Infra Award 2015 in the Leading Infrastructure Finance Company category.   This award was received by Shri M.K.Goel, Chairman & Managing Director, PFC in a function organized by D

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PFC`s Rs 700 cr tax-free bond issue subscribed 12 times

New Delhi: Eliciting a strong response from investors, Power Finance Corp``s Rs 700-crore tax-free bonds issue got subscribed over 12 times on the first day today.   In less than three weeks, this is the second tax-free bonds issue by a public sector enterprise that has received ro

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PFC to sell retail tax free bonds worth Rs 700 crore next week

KOLKATA: Power Finance Corporation is looking to raise Rs 700 crore in retail tax free bonds next week, according to a note sent to investors.The power financier has kept the coupon between 7.11 per cent and 7.60 per cent depending upon the tenure of the issue. There will be three different

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PFC gets shareholders` nod to raise up to Rs 60,000 crore

NEW DELHI . Power Finance Corporation  (PFC) has received approval of shareholders to raise up to Rs 60,000 crore through issue of securities. The shareholders have approved the proposal with "requisite majority" at its Annual General Meeting held on September 24, the company said

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President present Rajbhasha Award to PFC

NEW DELHI . PFC  Bags Rajbhasha Award for the year 2014-15 in the category of “Rajbhasha Kirti Puruskar” second prize on the occasion of Hindi Divas Samaroh 2015.   Shri M. K. Goel, CMD, PFC received this award from Hon’ble President of India Shri Pranab Mukh

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PFC to seek shareholders nod to raise Rs 60,000 cr

NEW DELHI . Power Finance Corporation  (PFC) will seek the shareholders` approval for raising up to Rs 60,000 crore through issue of securities. PFC is a one of the leading lenders to the power sector. The company proposes "... to raise funds up to Rs 60,000 crore through issue of bonds

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Shri P.K. Singh takes over as ED ( SR) , PFC

NEW DELHI .  Shri P.K. Singh has taken over as Executive Director (Southern Region) in Power Finance Corporation Ltd (PFC).  Prior to this, he was responsible for entire project appraisal as well as for all PFC business development related to states of Andhra Pradesh, Tel

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PFC honoured with India Pride Award

NEW DELHI .  Power Finance Corporation Ltd received “India Pride Award” for the year 2014-15 in the category of “Best Performing Financial Sector Government NBFC”.  Shri M. K. Goel,  CMD , PFC received this prestigious award from Shri Arun Jaitley, Union Min

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PFC received "Dun & Bradstreet Corporate Award 2015"

PFC received “Dun & Bradstreet Corporate Award 2015” in the category of “FIs/NBFCs/ Financial Services Infrastructure Finance Company”. Shri M. K. Goel, CMD , Power Finance Corporation received this award on 13th May, 2015 from Dr. Bibek Debroy, Permanent Member, NITI&

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PFC received "Dun & Bradstreet Corporate Award 2015"

PFC received “Dun & Bradstreet Corporate Award 2015” in the category of “FIs/NBFCs/ Financial Services Infrastructure Finance Company”. Shri M. K. Goel, CMD , Power Finance Corporation received this award on 13th May, 2015 from Dr. Bibek Debroy, Permanent Member, NITI&

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PFC Provides crucial loan of Rs.4,905 crore to BSES

NEW DELHI .  The Power Finance Corporation (PFC) has sanctioned a loan of Rs.4,905 crore to BSES discoms, which is in the midst of a serious cash crunch. BSES discoms had sought a long-term financial solution through the PFC, which had proposed a financial package of Rs.11,006 crore las

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

NEW DELHI: State-run lender Power Finance CorporationBSE -0.38 % today said it has surpassed its loan sanction target by Rs 5,000 crore to touch Rs 60,000 crore for 2014-15.   The company had set a loan sanction target of Rs 55,000 crore and a disbursement target of Rs 44,300 crore

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S S RAO DGM PR PFC Conferred with Rashtriya Media Ratan Award

NEW DELHI . Shri S.S. Rao, Dy. General Manager (PR), PFC bagged the ‘Rashtriya Media Ratan Award – 2014’ from Media Press Club, New Delhi for outstanding contribution in the fields of Media and Public Relations. The ‘Media Ratan’ Awards are given by Media Press Club

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

NEW DELHI .  PFC on Wednesday signed an MoU with the Ministry of Power for the financial year 2015-16. As per the pact, the company will disburse loans worth Rs 44,440 crore during the current fiscal.   PFC on Wednesday signed an MoU with the Ministry of Power for the financia

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PFC received Dalal Street Investor Journal PSU Award 2014

NEW DELHI .  Power Finance Corporation Ltd. has been conferred with the Dalal Street InvestorJournal PSU Award 2014 in the category of "Navratna PSU of the Year- NonManufacturing “.  Shri A.K.Agarwal, Director(Projects), PFC received the award in a function organised at Delhi

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PFC Pays Interim Dividend of Rs.816.81 Crore to Government

 NEW DELHI .  Shri M.K. Goel, CMD, Power Finance Corporation Ltd (PFC) handed over the Interim Dividend of Rs. 816.81 Crore for the FY 2014-15 to Shri Piyush Goyal, Hon’ble Minister of State for Power, Coal and New & Renewable Energy (I/c) in the presence of Joint Secretary, M

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PFC to give Rs.15,000 crore loan for Telangana power projects

HYDERABAD: The Power Finance Corporation (PFC) has agreed to extend `15,000 crore towards setting up thermal power projects in the State.   PFC CMD MK Goyel and TS GENCO CMD D Prabhakar Rao signed a memorandum of understanding (MoU) for the same in the presence of Chief Minister K

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PFC Wins the Prestigious NIB Award for Best Journal

NEW DELHI .  Power Finance Corporation Ltd (PFC) won First Prize in the House Journal category (for promotion of Hindi) from Shri Oomen Chandy,  Chief Minister of Kerala in presence of Shri P.K. Kunjalikutty,  Minister for Industries and IT, Shri K. Babu,  Minister for Excise,

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PFC brought out Vigilance Handbook 2015 for employees

NEW DELHI. Shri M. K. Goel, Chairman and Managing Director, Power Finance Corporation Ltd released “Vigilance Handbook 2015” on 20th Feb, 2015 in the presence of Shri Subhash Chandra, IAS, Chief Vigilance officer (CVO) and Shri R. Nagarajan, Director (Finance) PFC.   Sh

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PFC Signs MoA with J&KPDL for Financial Assistance

NEW DELHI.  Power Finance Corporation Ltd. (PFC) signed Memorandum of Agreement (MoA) with Jammu and Kashmir State Power Development Limited (JKSPDC) at PFC Office, New Delhi for providing financial assistance of Rs. 403.80 crore towards implementation of 2x24 MW Lower Kalnai Hydro Electric

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Shri M.K.Goel takes over as CMD, PFC

NEW DELHI . Government of India has appointed Shri M.K.Goel as Chairman and Managing Director, Power Finance Corporation Limited for a period of 5 years or till his superannuation, whichever is earlier. Shri M.K.Goel has assumed the charge of CMD, PFC w.e.f. 22nd January 2015. He has been ho

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CMD PFC Shri M.K. Goel felicitated din ET Summit

NEW DELHI .  Shri Piyush Goyal, Hon’ble Union Minister for Power, Coal & New Renewable Energy (I/c) felicitated Shri M. K. Goel, CMD, Power Finance Corporation Ltd (PFC) for PFC’s remarkable contribution in the Power Sector during 2nd Annual Summit “The Economic Times P

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PFC confers “EPC World Awards 2014”

NEW DELHI . Power Finance Corporation Ltd (PFC) has been conferred with “EPC World Awards 2014” in the category of “Outstanding Contribution in Infrastructure Finance”. Shri P. K. Bhargava, Executive Director, PFC received this award from Hon’ble Union Minister of St

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PFC AGM ( CC ) Awarded

NEW DELHI.  The Union  Minister of State (Independent Charge) for Power, Coal and New and Renewable Energy, Shri Piyush Goyal presenting the National Energy Conservation Award  to Shri Om Prakash , AGM ( PR ) , PFC  at the National Energy Conservation Day function, in New Delh

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PFC Conferred ‘Indira Gandhi Rajbhasha Puraskar

 NEW DELHI . Power Finance Corporation (PFC) has been awarded the First Prize in Public Sector Category of  the ‘Indira Gandhi Rajbhasha Puraskar for the year 2013-14'in recognition of its sterling efforts to promote the use of Hindi in the workplace.    

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PFC Q2 net profit jumps 11% at Rs 1,408.58 crore

NEW DELHI .   Power Finance Corporation on Friday reported nearly 11 per cent jump in net profit at Rs 1,408.58 crore for the quarter ended September 30, 2014, on account of increase in income from operations.       The net profit during the same period last fi

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PFC agrees to extend Rs 15,000 Crore Loan to Andhra Pradesh

NEW DELHI.  Power Finance Corporation extending full support to the Govt. of Andhra Pradesh by sanctioning a loan of Rs 15,000 crores  over a span of two years thereby helping the government in its quest to provide reliable and adequate power to the people of Andhra Pradesh. &nb

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PFC CMD Launches Swachh Bharat’ campaign.

NEW DELHI .  PFC has organised a week-long cleanliness drive in the corporation as well. This is being done to realise Mahatma Gandhi’s dream of a clean India. On 2nd October, 2014, PFC CMD, Shri MK Goel addressed the Employees highlighting the importance and the spirit of the Swach

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PFC organises a week-long cleanliness drive

NEW DELHI .  PFC has organised a week-long cleanliness drive in the Corporation as well. . On 2nd October, 2014, PFC CMD, Shri  MK Goel addressed the Employees highlighting the importance and the spirit of the Swachh Bharat Abhiyan. In his  address  he stressed on the need for

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REC, PFC to give Rs 7,800-crore loan to AP power

HYDERABAD.  Rural Electrification Corporation (REC) and the Power Finance Corporation (PFC) together have agreed in principle to extend a loan of around Rs 7,842 crore for the upcoming projects in Andhra Pradesh, according to a statement issued by the energy department.   The fu

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PFC GEL signs MOU with IREDA

New Delhi,  PFC Green Energy Ltd (PFC GEL), a wholly owned subsidiary of Power Finance Corporation Ltd. (PFCL) and IREDA signed MoU on 21st May, 2014 for facilitating joint financing of renewable energy and energy efficiency & conservation projects.The MoU was signed by  A. Chakrava

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PFC Capital signed MoU with PFC

NEW DELHI . PFC Capital Advisory Services Limited (PFCCAS), a wholly owned subsidiary of Power Finance Corporation (PFC) has signed ‘Memorandum of Understanding’ (MoU) with its holding company for FY 2014-15.  The MoU was signed by Shri. M.K.Goel, CMD, PFC and Smt. Nalini Vanjani

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No BSES loan, say REC & PFC, if subsidies stay

NEW DELHI. While NTPC and the two BSES power companies, BSES Rajdhani Power and BSES Yamuna Power, continue to battle it out on around R 835 crore of dues — NTPC will give its latest bill to BSES next week — Delhi’s power situation is likely to get worse as power suppliers threa

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PFCCAS Signs MoU with PFC

NEW DELHI . PFC Capital Advisory Services Limited , has signed ‘Memorandum of Understanding’ (MoU) with its holding company Ie PFC for FY 2014-15. The MoU was signed by Shri. M.K.Goel, CMD, PFC and Smt. Nalini Vanjani, CEO, PFCCAS in the presence of Shri R Nagarajan, Director (Finance

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PFC SIGNS MoU With the Ministry of Power for the year 2014-15

 NEW DELHI .  The Power Finance Corporation Ltd. (PFC) signed its performance related ‘Memorandum of Understanding’ (MoU) with the Ministry of Power for the FY 2014-15 on 24th March, 2014. The MoU was signed by Shri  P.K. Sinha, Secretary (Power), Govt. of India and M.K

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PFC invites bid for UMPP coal blocks consultant

NEW DELHI .  Amid the recent spate of de-allocation of coal blocks, PFC Consulting Ltd (PFCCL), a fully-owned subsidiary of Power Finance Corporation (PFC), has invited bids to select a consultant for developing coal blocks allocated for the Bhedabahal ultra mega power project (UMPP) in Odis

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India Pride Award Presentred to PFC

NEW DELHI .  Power Finance Corporation  conferred with India Pride Award 2013-14 in the category of Financial Sector Government .  Shri M.K.Goel, CMD, PFC received the award which was given by Union Minister for HRD, M. M. Pallam Raju.  

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PESB select Shri M.K. GOEL as CMD , PFC

NEW DELHI .  PESB has selectd Shri M.K. GOEL for the post ofChairman & Managing Director, Power Finance Corporation Limited (PFC). Total 9 officials apeared in the interview.   1.  Shri  NAGARAJAN, DIR (FIN), PFC,2. Shri  A K AGARWAL, DIR(PROJ), PFC,3.  Shri D RA

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PFC extends deadline for bidding of Odisha UMPP

NEW DELHI .  Power Finance Corporation (PFC), the nodal agency for implementing ultra mega power projects (UMPPs), has extended the deadline for the first UMPP in Odisha to November 25 from November 11 scheduled earlier.   The maiden 4,000 Mw UMPP in the state is coming up at Bh

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PFC hits mkt, to raise Rs 3,875 crore

  NEW DELHI .Power Finance Corporation (PFC) on Monday hit the markets with public issue of tax-free bonds and seeks to raise R3,875.90 crore.       The base issue size is R750 crore with an option to retain over subscription up to R3,875.90 crore. The coup

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PFC PAYS AN ALL TIME HIGH DIVIDEND OF RS 681 CR TO GOI

  NEW DELHI .  Shri Jyotiraditya M. Scindia,  Union Minister of State for Power (Independent Charge) was presented a cheque of Rs. 97.30 Crore by Shri   M.K. Goel, Chairman and Managing Director, Power Finance Corporation Ltd on 26th September, 2013.towards final D

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PFC PAYS AN ALL TIME HIGH DIVIDEND OF RS 681 CR TO GOI

  NEW DELHI .  Shri Jyotiraditya M. Scindia,  Union Minister of State for Power (Independent Charge) was presented a cheque of Rs. 97.30 Crore by Shri   M.K. Goel, Chairman and Managing Director, Power Finance Corporation Ltd on 26th September, 2013.towards final D

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Shri M K Goel takes over as CMD of PFC

NEW DELHI .  Shri M K Goel has assumed the charge of Chairman and Managing Director of PFC w.e.f. 13th Sept, 2013 in addition to his present    portfolio of Director (Commercial) in the Corporation. Apart from handling various key functions, he has been steering the impleme

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PFC signs MoU with states for bidding 2 UMPPs.

NEW DELHI .  Power Finance Corp has kick started the process of bidding two ultra mega Power projects by signing an agreement with states authorizing company to issue bid documents as approved by the government last week.  The request for qualification for the two UMPP(s) have been fina

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PFC ORGANIZES A FIRE SAFETY TRAINING PROGRAMME FOR EMPLOYEES

NEW DELHI .  A training program on ‘Fire Safety’ was organized by PFC recently in which 35 employees participated. Till date, 9 such programs have been organized, in which 270 employees have been trained. Besides First Aid and Risk Management, the program also covered several top

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PFC organises Fire Safety Programme

NEW DELHI .  A training program on ‘Fire Safety’ was organized by PFC recently i.Till date, 9 such programs have been organized, in which 270 employees have been trained.  

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