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PFC STRESSED ASSETS
Investors should start deploying capital gradually: Daljeet KohliIndependent Market Expert Daljeet Kohli suggests the worst of geopolitical tensions may be behind us, advising a disciplined, phased invest...- 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...
- 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...
- An epic Ambani versus Adani clash over a Lanco asset has been put off for nowLenders of Lanco Amarkantak had passed a resolution to hold the auction on Friday (November 25) among the three resolution applicants - Rel...
- PFC Projects likely to rope in investor partners for stressed power projectsPFC Projects Ltd, an equal joint venture of Power Finance Corporation and REC Ltd, is likely to rope in technical or strategic investor par...
- PFC, REC may bid for stressed assetsAnother official said the companies are considering partnering with other central power sector entities for technical know-how to run the a...
- Power Minister RK Singh asks PFC, REC to explore cheaper fund optionsThe minister highlighted the government's vision to make available affordable power for all round-the-clock, according to the statement.
- 'Government envisions to make affordable power available round the clock'He suggested multiple measures to both the bodies in this respect like ensuring that the stressed assets are resolved at a fair value with ...
- Parminder Chopra takes over as Power Finance Corporation Director (Finance)Chopra was working as Executive Director (Finance) at Power Finance Corporation (PFC) before assuming charge as Director (Finance), PFC. Wi...
- PFC board clears RS Dhillon's appointment as CMD from June 1Dhillon's appointment as Chairman and Managing Director will be with effect from the date of assumption of charge of the post on or after J...
- PFC NPAs to reduce with resolution of 4 stressed plants: CMDThe company’s gross NPAs has reduced from 9.39% to 9.05% after resolution of two stressed assets this year while the net NPAs reduced from ...
- PFC appoints Ravinder Dhillon as director projectsPresently serving as an executive director in PFC, Dhillon has more than 34 years of experience in various areas of power sector.
- PFC sees more write-backs as asset quality improvesThe aggregate exposure on these are Rs 1,400 crore and PFC has 11 per cent provisioning on it.
- Moody's retains stable outlook on PFC, REC post acquisition announcementPower Finance Corp last week announced a deal value of Rs 14,500 crore to acquire government’s stake in REC.
- Power Finance Corporation to pay entire Rs 14,500 crore for REC acquisition on ThursdayThe deal would help the government meet its disinvestment target of Rs 80,000 crore for the current financial year ending on March 31.
- PFC plans to resolve 20-30% NPAs in 4 monthsThe state-run lender to power projects expects the upcoming acquisition of Rural Electrification Corporation (REC) to help in and expedite ...
- REC acquisition not to have negative impact on PFC financials: Rajeev SharmaAcquisition to be funded through repayments of existing loans and debt from the market, says Sharma.
- PFC to complete REC takeover this fiscal; posts 53% rise in Q3 profitNet interest income rose by 12% to reach a figure of Rs 2,435 crore as against Rs 2,180 crore.
- PFC plans to borrow Rs 7,000 crore from domestic banks to fund REC dealIt is not expected to raise funds through issue of shares this year as the borrowings along with internal resources and several other steps...
- Power Finance Corp allays fears about stressed assetsThe firm will expand into refinancing and launch special financial packages for power transmission projects won through competitive bidding...
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