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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 Q1 Financial Results; Registers profit of Rs 2,110 cr

New Delhi: Power Finance Corporation of India today reported a profit in its First quarter of the financial year 2023. The company's stand-alone profit registers a growth of Rs. 2,110 crore for Q1'23. On a consolidated basis, the PAT for Q1’23 is at Rs.4, 580 cr. The company issues
Posted Date :  12-08-22

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PowerGrid & DCO, Imphal West organized ‘Bijli Mahotsav'

New Delhi: As part of ‘Azadi Ka Amrit Mahotsav’ – to celebrate 75 years of India's Independence, The Ministry of Power in association with MSPDCL, Powergrid and District Collector Office, Imphal West organized a ‘Bijli Mahotsav’ in Salam Mayai Leikai, Imphal West di
Posted Date :  28-07-22

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PFC celebrates 37th Foundation Day

New Delhi: Maharatna PSU under the ownership of the Ministry of Power, Government of India, Power Finance Corporation of India celebrates its 37th Foundation Day.  On this momentous occasion, the company thank the Ministry of Power, and the Government of India for their continuous guidance a
Posted Date :  16-07-22

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PFC inks Loan Agreement with Japan Bank for JPY 30 Billion

New Delhi: Power Finance Corporation of India has signed a Loan Agreement for JPY 30 Billion with Japan Bank for International Cooperation (JBIC). The agreement was signed by Mr. R.S. Dhillon, CMD, PFC and Mr. Kazushige Gobe, Director General, Social Infrastructure Finance Department, JBIC in the
Posted Date :  08-07-22

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PFC’s Euro Green Bonds are now listed on Luxembourg Stock Exchange

NEW DELHI- Power Finance Corporation Ltd (PFC), the leading NBFC in power sector has successfully listed its maiden 300 Mn 1.841 % Euro green bonds on Luxembourg Stock Exchange, which is the largest green bond listing platform.  The listing has been done under the co-operation agreement sign
Posted Date :  01-06-22

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PFC to Assist 4 Cr for Trauma Centre in MPTMC, Siddharthnagar

New Delhi: Maharatna PSU Power Finance Corporation Limited has signed a MoA to provide Financial Assistance of Rs. 4 Cr for the establishment of Trauma Centre in the premises of Madhav Prasad Tripathi Medical Hospital (MPTMC) , Siddharthnagar, Uttar Pradesh.   The MoA was signed between PFC a
Posted Date :  27-05-22

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PFC achieves highest ever PAT of Rs 10,022 cr in Q4 FY22

New Delhi: State-owned Maharatna Power Finance Corporation (PFC) on Wednesday reported an increase of nearly 10 percent in the consolidated net profit at Rs 4,295.90 crore, and registers a 19% increase in Standalone Profit After Tax from FY’21 stands at Rs 10,022 cr. for FY’22 vs Rs 8,44
Posted Date :  26-05-22

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PFC observed 'Swachhata Pakhwada', launched cleanliness drive

New Delhi: PFC observed 'Swachhata Pakhwada' by launching a cleanliness drive on May 19, 2022, at Barakhamba Metro Station to promote the importance of cleanliness and hygiene. During the fortnight 16th - 31st May 2022, PFC proposes to host various activities on specific days to promote t
Posted Date :  24-05-22

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PFC organizes awareness program for employees

New Delhi: Power Finance Corporation Limited (PFC) organized an awareness program on maintaining cleanliness for its sanitation/contractual staff members on May 18, 2022, at Shram Shakti Bhawan, Rafi Marg, New Delhi.   About 40 staff employees participated in the program organized by pro
Posted Date :  19-05-22

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PFC conferred with 'Green Urja Energy Efficiency Award'

New Delhi: Power Finance Corporation has been conferred with “Green Urja Energy Efficiency Award” under the Elets Innovation Award for being the Best Renewable Energy Financing Institution this year at the Atma Nirbhar Bharat Summit organised by Elets. The award was presented by Shri
Posted Date :  19-04-22

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PFC distributes 1000 Motorized Tricycles to ‘Divyangjans’

New Delhi: As a part of ‘Azadi ka Amrit Mahotsav Celebration’, Power Finance Corporation, India’s leading NBFC distributed ‘Motorized Tricycles’ to the orthopedically impaired persons (Divyangjans).    Chairman and Managing Director, PFC Shri Ravinder Singh
Posted Date :  29-03-22

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Manoj Sharma set to be the next Director (Commercial) of PFC

New Delhi: Public Enterprises Selection Board (PESB) on Tuesday 22 March 2022, recommended the name of Mr. Manoj Sharma for the post of Director (Commercial), Power Finance Corporation (PFC). Currently, he is serving as Executive Director in PFC. PESB interviewed seven other applicants apart from
Posted Date :  23-03-22

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