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PFC LOAN DECISION
PFC, IREDA mull legal measures against Gensol to safeguard their loan exposurePower Finance Corp and IREDA are pursuing legal options to protect their ₹977 crore loan exposure to Gensol Engineering after promoters fac...- 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...
- Power Finance Corporation turns down $2.4 bn debt to Shapoorji Pallonji GroupIndia's state-run Power Finance Corporation Ltd has decided not to provide a loan of around $2.4 billion to Shapoorji Pallonji Group. The d...
- Blow for cash-strapped telco: PFC-REC cuts Vodafone Idea’s borrowing call, wants extra coverBoth infra-focused government lenders, which specialise in power-related projects, have told the company that for any loan proposal to be c...
- States' dues to power generating companies halved to Rs 61,025 crore: Power minister RK SinghThere has been significant improvement in the realisation of dues of power generating companies post implementation of Electricity (Late Pa...
- PFC-REC's winning offer for Lanco unit runs into regulatory hurdlesDipam, which is in charge of state invested assets, is not comfortable with PFC and REC acquiring the power project through a joint venture...
- Discoms' liquidity package set for hike at Rs 1.2 lakh crore this monthFinance Minister Nirmala Sitharaman in May announced a Rs 90,000 crore liquidity infusion into cash-strapped discoms for payment of their d...
- CCEA extends liquidity infusion scheme to cover discom dues till June 30Currently, banks and financial institutions can lend only 25% of a discom’s revenue in the previous year for working capital.
- What mutual fund managers purchased in DecemberDue to the bottom-up stockpicking, a common factor that runs through the investments of fund managers is to look at those firms which would...
- Renewable energy sector to get Rs 1 lakh-crore boost from state-run lenders like Power Finance CorporationThe move is aimed at utilising the cash that the two financiers will receive in lieu of loans lent to state-run power distribution companie...
- Power Finance Corporation relaxes loan norms to boost sectorPFC had set strict pre-conditions for loan disbursals to reduce its risks on loans that were already sanctioned.
- 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.
- Power lenders' shares gain over 14% in JulyThe shares of power lending companies rose over 14 per cent in July on reports of govt’s decision to arrest SEB losses.
- Power Finance Corporation FPO likely next fiscal: SolankiAt present, the government holds a 89.78 per cent stake in the firm. It had divested a 10 per cent stake through an initial public offer in...
- Power Finance Corporation FPO likely next fiscalPower Finance Corporation's follow-on public offer is likely to hit the market next fiscal, Union Minister of State for Power, Bharat Solan...
- PFC to raise Rs 1,153 cr through ECB routeState-run lender Power Finance Corp (PFC) plans to raise $260 million (Rs1,153 crore) of external commercial debt and mop up Rs1,200-1,500 ...
- Govt may offload only 5% in PFC, allow it room to raise capital laterThe government may offload just 5% stake in the state-run Power Finance Corporation's planned public offer.
- RBI likely to relax exposure norms for state-run power sector lendersCurrently, non-banking financial institutions (NBFCs) cannot lend more than 15% of its capital funds to a single borrower and 40% to group ...
- Power Finance Corp to reduce lending rates by 25 bpsPFC is likely to reduce its lending rates by about 25 basis points to realign them with market rates.
- PFC's Rs 2,500 cr fund to finance power projectsPower Finance Corporation (PFC) is launching a mega equity fund to finance the upcoming power projects in the country. The decision stems f...
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