TAG: "Parminder Chopra"

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PFC Signs MoU with Ministry of Power for FY26 Under DPE Performance Evaluation Framework

Power Finance Corporation (PFC) has signed an MoU with the Ministry of Power for FY 2025-26 under the Department of Public Enterprises’ performance evaluation framework for CPSEs.

Parminder Chopra | August 27, 2025 | By Mrinmoy Dey 885

PFC Signs EUR 150 Million Loan Agreement with Germany’s KfW to Finance RDSS Projects

Power Finance Corporation Ltd. (PFC) has signed a EUR 150 million loan agreement with Germany’s KfW to finance projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS) aimed at boosting power distribution efficiency nationwide.

Parminder Chopra | August 22, 2025 | By Mrinmoy Dey 1104

REC Appoints Jitendra Srivastava as CMD

Jitendra Srivastava, a 2000-batch IAS officer of the Bihar cadre, has been appointed as the new Chairman and Managing Director (CMD) of REC Ltd, under the Ministry of Power, effective April 22, 2025.

Parminder Chopra | April 23, 2025 | By Mrinmoy Dey 1009

PIFIL Receives Approval from IFSCA to Start Business as Finance Company in IFSC GIFT City Gujarat

PFC Infra Finance IFSC Ltd., a subsidiary of Power Finance Corporation, has received approval from IFSCA to begin operations as the first finance company in IFSC GIFT City, focusing on power and infrastructure lending in India and abroad.

Parminder Chopra | October 17, 2024 | By Mrinmoy Dey 1406

PFC Wins CSR Award at Outlook Planet Sustainability Summit 2024

The event was attended by officials from the Department of Public Enterprises, IIT Goa, and Outlook.

Parminder Chopra | May 31, 2024 | By Abha Rustagi 4064

PFC Posts Record Profits in FY’24: Declares Highest Annual Profit After Tax

The group recorded a 25 percent increase in Profit After Tax (PAT), surging from INR 21,179 crores in FY’23 to INR 26,461 crores in FY’24.

Parminder Chopra | May 16, 2024 | By Abha Rustagi 1713

PFC Hosts Conference Addressing Financing Challenges for Eastern and North Eastern State Utilities

Held in Kovalam, Kerala, the event garnered participation from 17 state-sector Power and Infrastructure Utilities representing the Eastern and Northern Eastern regions.

Parminder Chopra | March 02, 2024 | By Abha Rustagi 1581

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