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...
25 Oct, 2024, 05.30 AM IST
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...
27 Jul, 2023, 09.55 PM IST
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...
13 Apr, 2023, 07.57 AM IST
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...
12 Sep, 2020, 03.01 PM IST
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.
19 Aug, 2020, 07.18 PM IST
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...
18 Jan, 2017, 09.50 AM IST
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...
12 Jan, 2016, 04.00 AM IST
- Power Finance Corporation relaxes loan norms to boost sector
PFC had set strict pre-conditions for loan disbursals to reduce its risks on loans that were already sanctioned.
17 May, 2012, 04.34 AM IST
- Power financiers PFC, REC may see improved margins on Tamil Nadu tariff hike impact
The decision of Tamil Nadu's SEB to raise tariffs by 37% comes as a blessing for power financiers such as PFC and REC.
03 Apr, 2012, 03.21 AM IST
- Power lenders' shares gain over 14% in July
The shares of power lending companies rose over 14 per cent in July on reports of govt’s decision to arrest SEB losses.
15 Jul, 2011, 02.40 PM IST
- Power Finance Corporation FPO likely next fiscal: Solanki
At 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...
23 Dec, 2010, 05.53 PM IST
- Power Finance Corporation FPO likely next fiscal
Power Finance Corporation's follow-on public offer is likely to hit the market next fiscal, Union Minister of State for Power, Bharat Solan...
23 Dec, 2010, 04.27 PM IST
- PFC to raise Rs 1,153 cr through ECB route
State-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 ...
11 Nov, 2010, 02.42 AM IST
- Govt may offload only 5% in PFC, allow it room to raise capital later
The government may offload just 5% stake in the state-run Power Finance Corporation's planned public offer.
18 Aug, 2010, 04.14 AM IST
- RBI likely to relax exposure norms for state-run power sector lenders
Currently, non-banking financial institutions (NBFCs) cannot lend more than 15% of its capital funds to a single borrower and 40% to group ...
14 Apr, 2010, 02.26 AM IST
- Power Finance Corp to reduce lending rates by 25 bps
PFC is likely to reduce its lending rates by about 25 basis points to realign them with market rates.
02 Jul, 2009, 11.07 PM IST
- PFC's Rs 2,500 cr fund to finance power projects
Power Finance Corporation (PFC) is launching a mega equity fund to finance the upcoming power projects in the country. The decision stems f...
11 Oct, 2007, 03.10 AM IST