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PFC seeks legal opinion on approving ₹15,000 Crore loan to Shapoorji promoters

While the Reserve Bank of India's (RBI) master directions for NBFCs include criteria for lending against shares of public businesses, they remain quiet on unlisted stocks.

  • 08 May, 2024 |
  • 12:51 PM
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PFC distributes ₹2,033 Crore as interim dividend to government

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.

  • 04 Apr, 2024 |
  • 2:24 PM
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PFC and IRFC to raise ₹3,500 Crore through bond issuance.

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.

  • 13 Feb, 2024 |
  • 1:57 PM
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PFC Heads to Global Stage with New GIFT City Hub

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."

  • 10 Jan, 2024 |
  • 12:22 PM
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PFC Signs Rs 25,000 Crore MoU with Gujarat Government for Power Projects

The agreement focuses on expanding power infrastructure, contributing to the overall growth of the sector

  • 04 Jan, 2024 |
  • 3:01 PM
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Power Grid purchases two SPVs with specific functions from PFC Consulting

According to the petition, Power Grid was the winning bidder in the Tariff-Based Competitive Bidding process, and as a result, NIIBTL was bought.

  • 28 Dec, 2023 |
  • 11:08 AM
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Tata Power purchases the renewable energy project Bikaner Transmission from PFC

The transmission project is expected to help remove 7.7 gigawatts (GW) of renewable energy from the Bikaner Complex in Rajasthan.

  • 04 Dec, 2023 |
  • 2:39 PM
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PFC Stocks Dip as Subsidiaries Transferred to Power Grid

On September 27, PFC's stock rose nearly 6 % following the announcement of an MoU with PNB for infrastructure and power project development

  • 28 Sep, 2023 |
  • 12:36 PM
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Serentica Renewables Secures Rs 5,600 Crore Funding from REC and PFC

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.

  • 26 Sep, 2023 |
  • 3:15 PM
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SJVN Inks MoU with PFC for Financial Assistance of Rs 1.19 Lakh Crore

SJVN has recently bagged an 18 MW solar project from the Bhakra Beas Management Board, which is scheduled to be commissioned by August 2024.

  • 20 Sep, 2023 |
  • 1:22 PM