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PFC LOAN
Power finance cos turn to global markets for cheaper fundsIndian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made f...- FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
- RBI may need to absorb at least half of hedging cost to spur ECBs by PSUsThe Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps f...
- 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...
- Lenders' fields may yield less as collections wilt in summer"Collections fell by about two percentage points last summer, and we expect a similar dip this year," said the head of a non-bank lender, w...
- Govt explores options to retain 51% stake in merged PFC-REC entityThe government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation...
- PFC names consultants for merger with RECPower Finance Corporation has appointed RBSA Advisors and SBI Capital Markets for its planned merger with REC. This move follows the govern...
- Power Finance Corporation signs 120 billion yen loan pact with Japan Bank for International CooperationState-owned PFC has signed an agreement with Japan Bank for International Cooperation (JBIC) for a 120 billion Japanese yen loan facility t...
- 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...
- Why indexation benefit removal will aid PFC & REC stocks? Nikhil Nigania explainsNikhil Nigania of Bernstein explained how PFC and REC benefit from special 54EC bonds issued to save capital gains tax on real estate sales...
- PFC Q4 profit jumps over twofold to Rs 2,117 croreThe firm's total standalone income increased to Rs 7,702.64 crore in the March quarter.
- PFC completes REC acquisition, hopeful of merger in 2019-20The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current fina...
- Flouting norms led to higher bad loans of REC, PFC: CAGThe REC and the PFC disbursed loans of Rs 47,706.88 crore to independent power producers (IPPs) during 2013-14 and 2015 -16, which were aud...
- Rs 3,600 crore PFC loan to 4 UP discoms for new connectionsPFC plans to expand into refinancing business and launch special short-tenure loans for power transmission projects won through competitive...
- PFC acquires 23% in Shree Maheshwar Hydel Power CorpAccordingly PFC had served pledge invocation notice dated May 19, 2015 and conversion notice dated December 18, 2015 and May 27, 2016 on SH...
- Discoms await comfort letter from government to get Rs 11,000 crore loan from Power Finance CorporationThe discoms said they had been pursuing the issue of a comfort letter since early January.
- BSES firms seek help from Delhi government to secure loanBSES Rajdhani and BSES Yamuna, which supply power to 70% of the capital, have sought help from the AAP government to secure a loan to settl...
- Power Finance Corporation exceeds loan sanction target by Rs 5,000 crore in FY'15"PFC achieved sanctions of approximately Rs 60,000 crore and disbursements of approximately Rs 44,300 crore during 2014-15," the company sa...
- Bailout package for power discoms to benefit PFC, REC: Santosh Singh, Esprito Santos SecuritiesSo in the short term, from a sentimental perspective, it is positive. But from a longer term, it will depend more on what reforms the SEBs ...
- Power financiers PFC, REC may see improved margins on Tamil Nadu tariff hike impactThe decision of Tamil Nadu's SEB to raise tariffs by 37% comes as a blessing for power financiers such as PFC and REC.
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