PFC board clears next step for REC merger, seeks govt approvalPower Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s no...
17 May, 2026, 02.05 PM IST
PFC-REC merger may not be a priority amid war squeezeBoards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fal...
16 May, 2026, 01.16 AM IST
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
13 May, 2026, 06.08 PM IST
PFC not to take exposure in Shapoorji Pallonji Group: PFC chairpersonPower Finance Corporation (PFC) has decided against lending to Shapoorji Pallonji Group. The decision comes after PFC's board deemed the lo...
13 Nov, 2024, 05.30 PM IST
PFC, Goa govt sign pact for green energy initiativesThe Goa government will facilitate the implementation of the facility by identifying and developing a pipeline of climate projects, promoti...
20 Feb, 2024, 10.09 PM IST
PFC gets Reserve Bank nod to set up finance company in GIFT CityThe Reserve Bank of India approved Power Finance Corporation to establish a wholly-owned finance subsidiary at Gujarat's GIFT City's Intern...
09 Jan, 2024, 08.48 PM IST
Power Finance Corporation to get Rs 165 cr loan from Japan's JBICThe loan agreement was signed at JBIC headquarters Tokyo, between PFC Chairman and Managing Director R S Dhillon and Uchida Makoto, Managin...
22 Mar, 2023, 06.25 PM IST
Government accords Maharatna status to Power Finance CorpThe grant of ‘Maharatna’ status to PFC will impart enhanced powers to the PFC Board while taking financial decisions. The Board of a ‘Mahar...
12 Oct, 2021, 05.51 PM IST
PFC completes REC buy, pays Rs 14,500 cr to govtThe transaction has helped the government meet its disinvestment target of Rs 80,000 crore.
28 Mar, 2019, 02.24 PM IST
Govt appoints REC CMD P V Ramesh as DG of National Archives of IndiaThere are talks that PFC Chairman and Managing Director Rajeev Sharma could be given additional charge to head REC.
05 Mar, 2019, 04.45 PM IST
PFC to provide Rs 4,000 crore for 4 GW power plant in TelanganaPFC has a long standing relationship with Telangana with a cumulative sanction of Rs 28,210 crore and disbursement of Rs 16,156 crore towar...
27 Sep, 2017, 03.47 PM IST
Government orders probe into 400MW Shree Maheshwar Hydel Power Corp projectConceived in 1993, the project was initially stuck due to Narmada agitations and later due to restructuring in the promoter group.
20 Jul, 2016, 03.42 AM IST
Government invites applications for Power Finance Corporation top postGovernment's headhunter PESB has invited applications for the post of CMD at state-owned Power Finance Corporation (PFC).
06 Oct, 2015, 02.36 PM IST
- PFC looking for global partner for consultancy arm
Power Finance Corp is looking for an international partner for its subsidiary PFC Consulting with a view to expanding operations in the SAA...
06 Feb, 2012, 12.53 PM IST
- PFC Consulting to form JV targeting Asian countries
PFC Consulting, a subsidiary of Power Finance Corporation, today said it may form a joint venture with another firm.
18 Jul, 2011, 01.27 PM IST
- PFC floats consultancy arm
Power Finance Corporation (PFC) on Monday floated a wholly-owned consultancy arm-PFC Consulting Limited (PCL)-to advise both Central and st...
01 Apr, 2008, 01.20 AM IST
- PFC postpones opening price bids of two UMPPs
Power Finance Corporation has postponed opening the price bids for the first two ultra mega power projects, to be set up in Madhya Pradesh ...
11 Dec, 2006, 01.15 PM IST