New Delhi: The Energy Minister of Saudi Arabia led a delegation to the Power Finance Corporation's stall at the India Pavilion in Rotterdam, Netherlands during the ongoing World Energy Congress (WEC 2024). Discussions ensued with Shri Pankaj Agarwal, Secretary, Power, Govt. of India, Shri Srikant Nagulapalli, Additional Secretary, Ministry of Power, and Smt. Parminder Chopra, Chairman and Managing Director,  PFC.

New Delhi: Shri Pankaj Agarwal, Secretary, Power, Govt of India and Smt. Parminder Chopra, Chairman and Managing Director of PFC, convened at the PFC Pod, India Pavilion, during the World Energy Congress (WEC) in Rotterdam, the Netherlands. They discussed advancing conservation efforts and achieving impactful outcomes through energy transition and energy-sustainable solutions.

Shri. R.R. Jha, Director (Projects) of Power Finance Corporation (PFC), along with his team, met with JNPA Chairman Shri Unmesh Sharad Wagh to discuss financing for the forthcoming Vadhvan Port. PFC's commitment to finance the entire debt amount signifies a pivotal moment for Vadhvan Port's growth. 

New Delhi: The Department of Investment and Public Asset Management (DIPAM) has rejected Power Finance Corporation and REC Ltd's proposal for a debt resolution plan for the 1,800-MW KSK Mahanadi Power project. The state-owned companies had requested approval from the department to participate in the ongoing insolvency proceedings by submitting a debt resolution plan. This plan had the potential to secure a better valuation for the project they were interested in.

State- owned unit PFCCL has informed through exchange filing that the Special Purpose Vehicle (SPY) Company, Navinal Transmission Limited has been incorporated as a wholly owned subsidiary of PFC Consulting Limited (PFCCL) (a wholly owned subsidiary of Power Finance Corporation Limited (PFC). The Purpose of the SPV company is for development of "Network Expansion Scheme in Navinal (Mundra) area of Gujarat for drawal of power in the area".  

New Delhi: Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the country’s leading NBFC in the power sector, has paid Rs 554 crore to Govt. of India as the third Interim Dividend on equity shares held by Govt. of India for the financial year 2023-24. This is in addition to Rs. 832 crore and Rs. 647 crore paid as the first and second interim dividends respectively to the Government of India.  

Smt. Parminder Chopra, CMD, PFC, inaugurated the Arogya Kendra (Wellness Centre) - a new facility designed to cater to emergency needs and first aid. This new facility, inaugurated in the presence of Shri Rajiv Ranjan Jha, Director (Projects), and Shri Manoj Sharma, Director (Commercial), is a significant step towards ensuring the health and well-being of our employees and promoting a healthier workplace.  

New Delhi: ‘PFC Consulting Limited’, a wholly-owned subsidiary of Power Finance Corporation Limited, a Maharatna CPSE, has transferred a transmission project-specific Special Purpose Vehicle (SPV) ‘Solapur Transmission Limited’ to ‘Torrent Power Limited’, the successful bidder, on March 20, 2024. The SPV was transferred in the presence of Shri Manoj Rana, CEO, PFCCL, Shri Sudhir Prasad, Executive Director, Torrent Power Limited & other Senior Officials

The Power Finance Corporation Ltd. (PFC) recently organised a Conference of ‘Eastern & North Eastern State Sector Utilities’ on “PFC’s Financing in Dynamic Regulatory Environment” at Kovalam, Kerala, wherein 17 State Sector Power and Infrastructure Utilities of Eastern and Northern Eastern Region participated. Several dignitaries attended the event, including Chairmen and MDs of seven State Power Utilities and Directors of various State Utilities, amongst other

New Delhi: PFC, a Maharatna company and the largest NBFC in India, is partnering with SACE, the Export Credit Agency of Italy, for an innovative ECA-backed financing facility under its "Push Strategy" initiative. This proposed partnership will position PFC as the first government-owned entity in India to partner with SACE under this programme. Through this structure, PFC shall benefit from an 80% guarantee from SACE, with HSBC acting as a coordinating bank, lead arranger and facilit