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According to a release, PFC has given its shareholders an interim dividend totalling ₹3,630 Crore for the fiscal year 2023–2024, which is the highest sum the company has ever paid out.
Up to ₹3,000 Crore will be raised by IRFC, including ₹2,500 Crore in greenshoe, and up to ₹500 Crore by PFC, including ₹400 Crore in greenshoe.
According to the exchange filing, "PFC's entry into the IFSC is expected to open up new business opportunities and establish PFC's global presence."
The agreement focuses on expanding power infrastructure, contributing to the overall growth of the sector
According to the petition, Power Grid was the winning bidder in the Tariff-Based Competitive Bidding process, and as a result, NIIBTL was bought.
The transmission project is expected to help remove 7.7 gigawatts (GW) of renewable energy from the Bikaner Complex in Rajasthan.
On September 27, PFC's stock rose nearly 6 % following the announcement of an MoU with PNB for infrastructure and power project development
The funding comprises Rs 3,000 crore debt funding from REC and Rs 2,600 crore debt funding from PFC, according to the company's statement.
SJVN has recently bagged an 18 MW solar project from the Bhakra Beas Management Board, which is scheduled to be commissioned by August 2024.
The MoU was signed in Gurugram on Friday by Dewangan and Parminder Chopra.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.