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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 CMD dedicates solar roof top system to ASHA school

New Delhi: Power Finance Corporation (PFC) under its CSR initiative has installed a standalone solar roof top system at ASHA school, run by Indian Army Wives Welfare Association in Delhi Cantonment. Shri Ravinder Singh Dhillon Chairman and Managing Director, PFC  along with Lt. General R K A
Posted Date :  10-09-20

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PFC announces Q1 results 23 pct. increase in consolidated PAT

New Delhi: Power Finance Corporation Ltd. today announced its financial results for the quarter ended 30th June 2020. • 23% increase in consolidated Profit After Tax from Q1’20 - PAT at Rs.  3,557 cr. for Q1’21 vs. Rs. 2,900 cr. for Q1’20 • 16% increase in Consolidated Revenu
Posted Date :  13-08-20

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PFC signs agreement with IIT Kanpur

New Delhi: Power Finance Corporation (PFC), India's leading NBFC, signed a MoA with Indian Institute of Technology- Kanpur (IIT-K) for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupe
Posted Date :  29-07-20

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PFC Celebrating 35th Foundation Day

New Delhi: PFC are growing bigger! Today, we celebrate yet another milestone as we complete 34 glorious years in the industry. We thank every member of PFC family and all our stakeholders for their love, loyalty & commitment to the company. PFC stands by its vision of ‘Nation Building’
Posted Date :  16-07-20

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Smt Parminder Chopra takes charge as Director Finance PFC

New Delhi: Government-owned Power Finance Corporation (PFC), India's leading NBFC, today announced the appointment of Smt Parminder Chopra as Director (Finance) of the company. She succeeds Shri N.B. Gupta, who superannuated on June 30 2020. Smt. Chopra was working as Executive Director (
Posted Date :  01-07-20

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PFC to help for reconstruction and restoration of Kedarnath town

New Delhi: Power Finance Corporation (PFC), India's leading NBFC, signed an MoA with Shri Kedarnath Utthan Charitable Trust, Govt. Of Uttarakhand (SKUCT) for the reconstruction and restoration of Kedarnath town and its surrounding areas. Under the MoA, PFC will provide financial assistance of
Posted Date :  09-06-20

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Shri Ravinder Singh Dhillon takes over as CMD of PFC

New Delhi: Power Finance Corporation (PFC), today announced the appointment of Shri Ravinder Singh Dhillon as its Chairman and Managing Director. Shri R.S. Dhillon assumed the charge of the post of Chairman & Managing Director, PFC w.e.f 01st June 2020 upon the superannuation of Shri Rajiv Sharma
Posted Date :  01-06-20

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PFC to provide lunch to doctors and other medical staff

New Delhi: In yet another step to battle COVID-19 pandemic, state-owned Power Finance Corporation Ltd (PFC) has tied up with TajSats, one of Asia’s largest food companies, to provide hygienic and nutritious food to frontline COVID warriors. As part of this endeavor, PFC will provide packed lunc
Posted Date :  27-05-20

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PFC signs MoU with NBPCL

New Delhi: PFC signs MoU with NBPCL to fund projects worth ? 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in MP. Power Finance Corporation (PFC) today entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya P
Posted Date :  26-05-20

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How to play cricket during lockdown challenge

New Delhi: *’How to play Cricket during lockdown challenge’* will leave you mesmerised. Players get together in an all new sporty avatar conveying “All work & no play makes Jack a dull boy” Earlier, REC had nominated PFC and other Power PSUs for the Cricket Challenge on Twitter
Posted Date :  08-05-20

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PFC REC to directly repay discom loans

New Delhi: The government’s move to give large loans to power distribution companies to help them clear 88,000-crore power plant bills would be finalised in a couple of days as it would no longer require the approval of Union Cabinet. The special loans from Power Finance Corp (PFC) and REC Ltd
Posted Date :  21-04-20

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Shri Ravinder Singh Dhillon appointed as CMD PFC

New Delhi: Govt of India , Ministry of Power has apppointed Shri Ravinder Singh Dhillon , Director ( Project) , PFC has been appointed as CMD , Power Finance Corporation of India , wef June 1, 2020 for a period of five years. Minuistry has issued the order today.
Posted Date :  07-04-20

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Highly motivating and inspirational message from CMD PFC

New Delhi: Highly motivating and inspirational message from CMD, PFC  to its employees on performance of the Corporation during lockdown & just-concluded Financial Year I hope this message finds you and your loved ones in good health. Let me congratulate each member of PFC family, who despit
Posted Date :  01-04-20

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