PFC, a Maharatna company and leading NBFC in Indian power and infrastructure sector, is proudto announce the successful closing of issuance of largest-ever foreign currency term loan from anIndian PSU amounting to USD 1.265 billion. This landmark transaction was executed through afacility agreement with multiple banks based in IFSC GIFT City, Gandhinagar. The loan will […]
PFC pays final dividend of Rs. 462 crore to Government of India for the financial year 2023-24
New Delhi: Power Finance Corporation (PFC), a Maharatna Company and a leading NBFC in the power sector, has paid Rs 462 crore to the Govt. of India and Rs 363 crore to other shareholders, totalling Rs 825 crore as the Final Dividend for the financial year 2023-24. For the Financial Year 2023-24, PFC paid Rs. […]
PFC receives notable recognition from Hon’ble Union Minister of Renewable Energy for its outstanding contribution to India’s renewable energy sector
Power Finance Corporation (PFC), A Maharatna Company and leading NBFC in Indian power sector received notable recognition from Shri Pralhad Joshi, Hon’ble Union Minister of New and Renewable Energy (MNRE) at RE-INVEST 2024 for its outstanding contribution to India’s renewable energy sector. PFC has played a pivotal role in providing financial support to 68 GW […]
CMD, PFC Inaugurates Research Anatomy Laboratory at IIT Madras under CSR Initiative
Chennai— Smt. Parminder Chopra, CMD, Power Finance Corporation Limited (PFC) has inaugurated a state-of-the-art Anatomy laboratory at the Department of Medical Sciences and Technology, Indian Institute of Technology Madras (IIT Madras). This advanced facility, supported by a CSR grant of ₹16.5 crore from PFC, marks a significant milestone in medical education and research in India. […]
PFC pays the highest-ever Interim dividend of Rs. 2033 crore to Govt. of India for the Financial Year 2023-24
PFC Consulting Transfers Solapur Transmission SPV to Torrent Power as Part of Transmission Project Acquisition
‘PFC Consulting Limited’, a wholly-owned subsidiary of Power Finance Corporation Limited, a Maharatna CPSE, has transferred a transmission project-specific Special Purpose Vehicle (SPV) ‘Solapur Transmission Limited’ to ‘Torrent Power Limited’, the successful bidder, on March 20, 2024. The SPV was transferred in the presence of Shri Manoj Rana, CEO, PFCCL, Shri Sudhir Prasad, Executive Director, […]
PFC hosted a conference in Kovalam for Eastern and North Eastern Utilities, focusing on “Financing in a Dynamic Regulatory Environment
The Power Finance Corporation Ltd. (PFC) recently organised a Conference of ‘Eastern & North Eastern State Sector Utilities’ on “PFC’s Financing in Dynamic Regulatory Environment” at Kovalam, Kerala, wherein 17 State Sector Power and Infrastructure Utilities of Eastern and Northern Eastern Region participated. Several dignitaries attended the event, including Chairmen and MDs of seven State Power […]
PFC to be the First Government Company to collaborate with SACE, an Italian Export Credit Agency, to boost India-Italy cooperation
PFC, a Maharatna company and the largest NBFC in India, is partnering with SACE, the Export Credit Agency of Italy, for an innovative ECA-backed financing facility under its “Push Strategy” initiative. This proposed partnership will position PFC as the first government-owned entity in India to partner with SACE under this programme.Through this structure, PFC shall […]
Govt. of Goa and PFC Forge Historic Partnership to Pioneer Subnational Blended Finance Facility for Climate Action
Power Finance Corporation (PFC), a leading NBFC and the largest Renewable financier in India has signed a Memorandum of Understanding (MoU) in the presence of Hon’ble Chief Minister of Goa, Dr Pramod Sawant to support Goa’s climate ambitions under the Blended Finance Facility being setup by Govt. of Goa in partnership with World Bank. This […]