Page 3 - Power Finance Corporation (pfc)

PFC sanctions Rs 15,000 cr loans, forays into funding of airport projects

State-owned Power Finance Corporation (PFC) on Tuesday announced that it has sanctioned Rs 15,000 crore loans for various projects and also forayed into funding of airport projects. "To reaffirm its commitment towards developing the power sector of the North Eastern Region, PFC held its recent board meeting in Shillong, Meghalaya," a BSE filing said. PFC has sanctioned loans amounting to Rs 15,000 crore for various projects during its board meeting, it stated. As part of its diversification strategy and funding for infrastructure projects, PFC sanctioned its maiden financing for a greenfield airport project in Andhra Pradesh, it added. PFC's board of directors also reviewed strategic agendas pertaining to the company's business diversification strategy, including exploring avenues for expanding the business into new market segments and accelerating the funding in the renewable space, the current domestic and international market scenario and its impact on PFC's borrowing cost, and

Power related stocks in demand; NTPC, PFC, REC, Tata Power rally up to 9%

The power sector in India, is on course for a long period of high growth and transformation which is visible in the increasing deployment of clean renewables.

MSCI shuffle: REC, HDFC AMC, PFC & others to receive upto $214mn inflows

IDFC First Bank, REC, PFC, Ashok Leyland, HDFC AMC, Cummins India, Astral, and Supreme Industries shares are poised to receive $152 to $214 million inflows today

Improving growth prospects powering Power Finance Corp, REC stocks

All analysts polled this month are bullish on the two power financiers and see further gains of 19-20 per cent in the next one year

Power Finance Corp to lend Rs 2.37 trillion to 20 clean energy projects

Power Finance Corporation (PFC) on Friday said it has entered into loan agreements worth more than Rs 2.37 lakh crore with 20 companies. These firms include Adani Group, Greenco, ReNew Power, Continuum, Avaada, JBM Auto, Rajasthan Renewable Energy and Megha Engineering & Infrastructure, among others. These agreements -- part of the Maharatna company's plan to position itself as the focal funding agency for energy transition -- were signed with companies in the solar, wind, green hydrogen, battery storage, and electric vehicles space as well as manufacturers of green energy equipment. PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space, the company said in a statement issued from Goa at a G20 function. Recently, the company diversified its loan portfolio into infrastructure projects, such as refineries, ports, roads, metro, biofuels, waste-to-energy projects etc. Earlier this week Parminder ...

Power Finance Corp raises up to Rs 6,100 cr via 20-month, 10-year bonds

Pricing at higher-yield level due to hardening of G-secs

PFC okays largest-ever Rs 633 cr EV financing facility to BluSmart Mobility

In the largest EV asset financing deal in India, the Power Finance Corporation Ltd (PFC) sanctioned a loan of Rs 633 crore to Gensol Engineering Ltd (GEL)

PFC signs agreement with Japan's JBIC for project loan of Rs 165 cr

Power Finance Corporation has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan of JPY 2.65 billion or about Rs 165 crore. Under this facility, JBIC has proposed to finance some of PFC's projects which ensure effective reduction of greenhouse gas emissions and conservation of the global environment. This pact was executed under a general agreement signed between PFC and JBIC for JPY (Japanese Yen) 30 billion. The loan agreement was signed at JBIC headquarters Tokyo, between PFC Chairman and Managing Director R S Dhillon and Uchida Makoto, Managing Executive Officer of JBIC.

Indian state-run power companies close to buying Lanco asset for $365 mn

The state companies - Power Finance Corp Ltd (PFC), REC Ltd SJVN Ltd and Damodar Valley Corp (DVC) - aim to acquire the coal-fired power plant of Lanco Amarkantak in Chhattisgarh in central India

PowerMin invites bids to supply 4.5 Gw electricity during coming summer

Power to be supplied for five years, qualifying gencos to get coal under SHAKTI scheme

PFC sanctions Rs 3,940 crore loan for Machilipatnam port in Andhra

Power Finance Corporation has sanctioned a loan of Rs 3,940 crore for the construction of the Machilipatnam greenfield seaport, Lok Sabha MP V Balashowri said on Saturday. The loan sanction letter has been sent to Machilipatnam Port Development Corporation Ltd, the MP told reporters here. The estimated cost of the Machilipatnam port is Rs 5,253.89 crore. Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy will lay the foundation of Machilipatnam port works on December 21, he added. He said that the authorities have started work for acquiring land for the construction of road-cum-rail connectivity for Machilipatnam port. The R&B Principal Secretary Praveen Prakash and former minister and local MLA Perni Ventaramaiah and other officials visited Machilipatnam and Pedana for the land recently. The Machilipatnam port will be constructed on nearly 4,000 acres in two phases as per the master plan.

Top Headlines: PFC as India's lead DFI; card-on-file tokenisation, and more

The Union power ministry has moved a proposal to grant Power Finance Corporation (PFC) the status of a development financial institution (DFI)

Power Ministry pitches PFC as India's lead DFI for energy transition

Power min writes to FinMin, pitching PFC as lead agency for energy transition funding

Financial deficit of power distribution sector at highest ever: PFC

Annual rating reveals absolute cash-adjusted losses increased by 10% in the sector between FY19 and FY21

PFC pays second interim dividend of Rs 369 cr to govt for 2021-22

State-run Power Finance Corporation (PFC) said it has paid the second interim dividend of Rs 369.57 crore to the government for the 2021-22 fiscal.

Power Finance Corporation net profit rises 17% to Rs 5,023 cr in Q2

State-owned Power Finance Corporation on Thursday posted a 17 per cent rise in its consolidated net profit to Rs 5,023.42 crore in the September quarter, mainly on the back of higher revenues

Stocks to Watch: Infosys, Wipro, MindTree, RIL, Tata Motors, PFC, airlines

Infosys, Wipro and MindTree on investors' radar ahead of the September earnings. Airline stocks also likely to be in limelight as aviation ministry allows 100 per cent occupancy for domestic flights

Power Finance Corp issues maiden Euro Green Bond, aims to mop up £300 mn

The 7-year instrument has been priced at 1.841%, which PFC says is the lowest yield locked in by an Indian issuer in Euro markets

Power Finance Corporation net profit up 28% at Rs 4,554 cr in June quarter

State-run Power Finance Corporation (PFC) on Thursday posted an over 28 per cent jump in its consolidated net profit at Rs 4,554.98 crore in the June 2021 quarter, mainly due to higher revenues.

Ajit Mishra is bullish on Amara Raja, Cummins & PFC. Check why

Amara Raja Batteries has been trading with a corrective bias for the last eight months and recently tested the major support zone around Rs 690 levels