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PFC ties up with PTC India to procure electricity from stranded projects

2018-01-05 livemint
In an attempt to help revive stranded power generation projects, Power Finance Corp. Ltd (PFC) and PTC India Ltd will procure electricity from such projects for sale to distribution utilities.

Will be commissioning new plant by 2021-22: NLC India

2018-01-02 moneycontrol
The NLC India stock will be in focus as a Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and State Bank of India (SBI) consortium will lend about Rs 11,000 crore to the company's power plant in Uttar Pradesh (UP). (1-0)

PFC consortium to lend Rs 11,067 cr for Neyveli Uttar Pradesh project

2018-01-01 thehindubusinessline
Power Finance Corporation Ltd (PFC) in consortium with Rural Electrification Corporation (REC) and State Bank of India (SBI) will provide ₹ 11,067-crore financial assistance to Neyveli Uttar Pradesh Power Ltd (NUPPL). (1-0)

PFC consortium to lend ₹11,067 crore to Neyveli UP project

2018-01-01 thehindubusinessline
Power Finance Corporation (PFC), in a consortium with Rural Electrification Corporation (REC) and State Bank of India (SBI), will provide ₹11,067-crore financial assistance to Neyveli Uttar Pradesh Power (NUPPL). (1-0)

India Inc overseas borrowing jumps 6-fold to USD 3 billion in Nov

2017-12-21 moneycontrol
India Inc's foreign borrowings saw an over six-fold rise at USD 3.04 billion in November, according to RBI data. (3-0)

PFC will issue masala bonds this FY: Sharma

2017-12-20 freepressjournal.in
Mumbai : After going for green bonds and external commercial borrowings (ECB), the BSE-traded Power Finance Corporation (PFC) is now planning to go for masala bonds. The company will issue masala bonds soon, PFC’s boss Rajeev Sharma told the FPJ on Tuesday.

1,019 economically-weak kids get cochlear implant

2017-12-17 freepressjournal.in
Mumbai : It feels good to hear my daughter talk and react to my voice, says Kinjal’s mother. Four-year-old Kinjal is one among the 100 kids who underwent cochlear implant surgery this year with the financial support of Power Finance Corporation (PFC).

PFC, REC wary but govt explores forming company to take over stressed power assets

2017-12-08 moneycontrol
As it attempts to resolve an outstanding debt of Rs 1.8 trillion stuck in as many as 34 coal-based power generation projects, the government is now exploring the option of forming a special purpose vechile to ensure those stranded power units are up and running and interests of all stakeholders are taken care of, according to an official familiar with the development.

Power Finance Corporation raises $400 mn via maiden green bond issue

2017-12-01 business-standard
State-owned Power Finance Corporation (PFC) has raised $400 million through its maiden green bond issue. The funds will be used to promote renewable energy in the country.

PFC raises $400 m through green bond

2017-12-01 thehindubusinessline
Power Finance Corporation has raised $ 400 million through its maiden green bond issue according to a company statement. (1-0)

India's Power Fin Corp lists its first green bond on LSE in two decades

2017-11-30 business-standard
India's Power Finance Corporation (PFC) has listed its first international bond in almost two decades on the London Stock Exchange to fund renewable energy projects in the country. The 10-year dated green bond raised $400 million, paying a 3.75 per cent semi-annual coupon and listed on London Stock Exchange's new International Securities Market (ISM) this week. (1-0)

PFC lists green bond on London Stock Exchange

2017-11-30 thehindubusinessline
Power Finance Corporation (PFC) has listed its first international bond in almost two decades on the London Stock Exchange to finance renewable energy projects in the UK. (3-0)

India#39;s Power Finance Corporation lists green bond on London Stock Exchange

2017-11-30 moneycontrol
India's Power Finance Corporation’s (PFC) has listed its first international bond in almost two decades on the London Stock Exchange to finance renewable energy projects in the UK. (3-0)

Bharat 22 ETF gains 4% on debut

2017-11-28 thehindubusinessline
Bharat 22 ETF, which was part of the government’s divestment programme, gained 3.8 per cent on its debut to close at ₹37.33 on Tuesday. (19-0)

Rural Electrification well positioned to be a wholesale bank, says lender’s head

2017-11-27 moneycontrol
Is it the fatigue of being in the business of connecting thousands of villages with electricity for almost five decades? Or is it that banking is oh so sexy? Talk to PV Ramesh of Rural Electrification Corporation, the company spearheading the government’s various initiatives to bring power to the villages, and you realise neither is the reason. It’s a plain, unadulterated business plan of an enterprise to look at new opportunities – in REC’s case wholesale banking – as and when they come up.