Power Finance Corporation files plaint with EOW over 'document fraud'Power Finance Corporation (PFC) has filed a complaint against Gensol Engineering for allegedly falsifying documents related to debt servici...
Power Finance Corporation board okays Rs 15,000 crore loan to Shapoorji Pallonji Group companiesThe board of Power Finance Corporation (PFC), a state-owned entity, has approved a loan of Rs 15,000 crore to companies within the Shapoorj...
PFC seeks legal view on Shapoorji Pallonji promoters' Rs 15,000 crore loan askState-owned Power Finance Corp (PFC) is seeking legal counsel regarding the approval of a ₹15,000 crore loan to the promoters of the Shapoo...
Adani's ₹4,100-crore offer for Lanco Unit to be the anchor bidThe RP invited lenders to vote on whether to consider Adani's unsolicited offer since he has already filed an application with the NCLT. In...
PFC, HUDCO to float bonds of up to Rs 7,500 crThe two tranches of PFC's bonds include a three-year-and-four-month debt sale with a base size of ₹500 crore and a greenshoe of ₹2,500 cror...
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 board okays Rs 1 lakh cr borrowing plan for FY22The amount will be borrowed in one or more tranches in financial year (FY) 2021-22, PFC said in a BSE filing.
Power Finance Corp gives Rs 1,351 cr financial aid to Bihar Grid CompanyThe estimated cost of the project is Rs 1,688.36 crore which is proposed to be funded in Debt-Equity ratio of 80:20. The project is expecte...
PFC, REC, SBI consortium to lend Rs 11,067 cr to NLC power plant in UPThe project is expected to be commissioned by November 2021 and generate about 13969 million units of energy to meet future power requireme...
Power Finance Corp provides Rs 2,703 crore to West Bengal's first super critical projectAccording to the statement, WBPDCL is a company owned by the West Bengal government for generation and supply of electric power in the stat...
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...
PFC delays fund-raising plans, hopes to get Rs 22,000 crore from states participating in UDAYPFC has delayed a major portion of its fundraising plan as it hopes to get around Rs 22,000 crore from states participating in UDAY.
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...
Indian private debt placements up 11% in April-June quarterIndian companies and institutions raised Rs 87,840 crore through private debt placements in the April-June quarter, an 11 per cent increase...
- PFC to wire up with PE firms to finance power plants
Major financial institutions and private equity firms such as Cornell Capital and Actis are likely to join hands with leading domestic powe...
- PFC taps LIC, NTPC for India Power Fund
Power Finance Corporation (PFC), the central nodal agency for financing power projects, is in talks with LIC, NTPC and Rural Electrificatio...
- PFC to launch Rs 1000 cr IPF by March
At present, PFC has received a firm commitment only from LIC which will contribute an undisclosed sum into the Rs 1000 crore IPF corpus. PF...