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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 pays interim dividend of Rs 1182.63 crore to Govt for FY 2020-21

New Delhi: Power Finance Corporation, a Schedule - A Navratna CPSE and India’s leading NBFC for the Power Sector has paid an interim dividend of Rs 1182.63 crore to the Government of India for the financial year 2020-21 on March 31st, 2021 on 1,47,82,91,778 number of equity shares (56%) held b
Posted Date :  01-04-21

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PFC and REC reduce lending rates for business growth

New Delhi: PFC and REC, Navratna CPSEs under Ministry of Power, are the prime financiers of the Indian Power Sector capturing a significant market share in financing the Indian Power Sector. PFC and REC as group companies have been aligning operations to realise synergies. As a part of such an effor
Posted Date :  31-03-21

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PFC organizes 23rd Inter CPSU Table Tennis Tournament

New Delhi: Power Finance Corporation Ltd. (PFC), the leading NBFC in the Power Sector, organised the 23 rd Inter CPSU Table Tennis Tournament in collaboration with the Power Sports Control Board from 5 th to 8 th March 2021 at Thyagaraj Stadium, INA, New Delhi. Eleven teams from various entities
Posted Date :  09-03-21

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REC, PFC signs MoU with Kholongchhu Hydro Energy Ltd

New Delhi: REC Limited and Power Finance Corporation Limited signed MoU with Kholongchhu Hydro Energy Ltd. for extending a loan of around Rs. 4400 Crore for 600 MW hydroelectric project in Bhutan. The MoU was signed in the presence of CMDs of REC, PFC & SJVNL, Chairman KHEL, Director Technical &
Posted Date :  09-03-21

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PFC organised T-10 Tennis Ball Women’s Cricket match

New Delhi: Power Finance Corporation of India (PFC) organised a T-10 Tennis Ball Women’s Cricket Match at DDA Sports Complex, New Delhi recently. Women employees were divided into two groups namely, the Pink Floyd & the Black Diamond.  PFC mentioned, “Success doesn’t co
Posted Date :  19-02-21

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PowerGrid awarded with Greentech Corona Warrior Award 2020

Chennai: PowerGrid, an Indian state-owned Maharatna company headquartered in Gurugram, India, and engaged mainly in Transmission of Power has been awarded the 'Greentech Corona Warrior Award 2020' in the Greentech Corona Warrior Summit & Award 2020 ceremony held at Mahabalipuram, Chennai
Posted Date :  17-02-21

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PFC Q3-21 Results: Quarterly PAT of Rs 2,333 cr

Power Finance Corporation Limited showed an All-time high Quarterly PAT of Rs.2,333 cr. and Standalone Profit. •    39% jump in Standalone Profit After Tax from Q3’20. PAT at Rs.2,333 cr. for Q3’21. Vs Rs.1,680 cr. in Q3 ’20 •   &n
Posted Date :  11-02-21

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PowerGrid conducts Training Program on Tower Climbing

New Delhi: A Training Program on Tower Climbing is being conducted by the Government of India Maharatna PSU, Power Grid Corporation of India Limited (POWERGRID) for technicians of Chhattisgarh State Power Transmission Co. Limited (CSPTCL) at Raipur from 20th-23rd January 2021 as part of Human Resour
Posted Date :  23-01-21

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PFC will open its public issue of Debentures amounting Rs 5,000 crores

New Delhi: Power Finance Corporation Limited, is one of the leading financial institutions in India, focused on the power sector will open its Rs 5,000 crores public issue of secured, redeemable Non-Convertible Debentures on January 15, 2021. The base Issue size is Rs. 500 crores with an option to r
Posted Date :  14-01-21

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PFC net profit jumps 72 percent to Rs 4290 cr in September Qtr

New Delhi: State-run Power Finance Corporation (PFC) on Thursday reported a 72 per cent jump in its consolidated net profit at Rs 4,290 crore in the July-September quarter on account of higher revenues.     Its net profit was Rs 2,497 crore in the quarter ended September 30
Posted Date :  12-11-20

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