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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-REC makes further reduction in lending rates

New Delhi: State-owned Non-Banking Financial Companies, Power Finance Corporation and REC Limited have further reduced their lending rates across all types of loans by 40 Bps. In the last about one year, both the organisations have reduced lending rates cumulatively by upto 3 percent. In order to
Posted Date :  19-01-22

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PFC enters pact to finance 350 electric buses in Uttar Pradesh

PFC, a Maharatna company and India's leading NBFC in the power sector, today signed an agreement to lend Rs 275 crore for deployment of 350 electric buses across nine cities of Uttar Pradesh. The agreement was signed with GreenCell Mobility, which is an e-mobility platform supported by Govern
Posted Date :  15-12-21

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A 33/11 KV First GIS Sub-station inaugurated in Jaipur

New Delhi: 33/11 KV GIS Sub-station under the IPDS scheme of Government of India was inaugurated at Jaipur in Rajasthan on October 30. Power Finance Corporation Ltd. (PFC), a Maharatna CPSE company and India’s leading power sector focused non-banking financial firm, is the Nodal Agen
Posted Date :  30-10-21

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Shri Rajiv Ranjan Jha appointed as Director (Projects) in PFC Limited

NEW DELHI: The Appointments Committeeof the Cabinet (ACC) has approved the proposal of the Ministry of Power for the appointment of Shri Rajiv Ranjan Jha, Executive Director, PFC Ltd, as Director (Projects) in PFC Limited. He has been appointed as Director (Projects) in PFC Ltd from the date of his
Posted Date :  26-10-21

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PFC issues India`s first-ever Euro Green Bonds

New Delhi: Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has successfully issued its maiden Euro 300 million 7 year Euro Bond issuance on 13.09.2021. The pricing of 1.841% achieved is the lowest yield locked in by an Indian Issuer in the Euro markets. This is a mile
Posted Date :  16-09-21

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Inauguration of 33/11kv Power Substation, commissioned by TSECL

New Delhi: In yet another initiative, as part of Azadi ka Amrit Mahotsav, 2X8 MVA, 33/KV substations were inaugurated today at Dharmanagar & Kumarghat districts of North Tripura (21st August 2021) by the Honourable Deputy Chief Minister of Tripura, Shri Jishnu Dev Varma in the presence of Shri B
Posted Date :  21-08-21

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