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.

PFC | May 16, 2024 | By Abha Rustagi 263

PFC Pays Record Interim Dividend of INR 554 Crores to Government of India

This payment marks the third interim dividend for the financial year 2023-24, reflecting PFC's strong financial performance and commitment to its stakeholders.

PFC | April 04, 2024 | By Abha Rustagi 297

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.

PFC | March 02, 2024 | By Abha Rustagi 427

REC Limited Hosts Workshop to Introduce Integrated Web Platform for Power Sector Distribution Schemes

Addressing the participants, Executive Director (Project Management Division), Rahul Dwivedi, emphasized the platform's significance in tracking progress at every stage of the process.

PFC | February 23, 2024 | By Abha Rustagi 861

PFC Signs MOU with Goa Government and World Bank to Advance Climate Goals

The sub-national Blended Finance Facility, an innovative venture between the Government of Goa and The World Bank, is geared towards promoting low-carbon, climate-resilient development in the region.

PFC | February 21, 2024 | By Abha Rustagi 529

PFC Commits INR 25,000 Crore for Gujarat's Power Projects in MoU

The primary aim of this MoU is to extend comprehensive financial support to the state's projects related to power generation, transmission, and distribution.

PFC | January 04, 2024 | By Abha Rustagi 593

PFC Inks USD 1.28 Million Loan Agreement with JBIC for Waste-to-Energy Project in Karnataka

The loan procurements would be used to finance the 11.5 MW for the waste-to-energy project of KPC Gas Power Corporation Ltd, a wholly owned subsidiary of KPCL, at Bidadi, Ramanagara district, Karnataka.

PFC | August 22, 2023 | By Nivedita Ojha 880

Apraava Energy Joins Hands with REC and PFC for Funding Wind, Transmission, and Advanced Metering Projects

The signing of MoUs took place as part of the Green Finance Summit organised by REC on the sidelines of the Green Business Summit Clean Energy Ministerial (CEM) and Energy Transition Working Group (ETWG) Ministerial recently held in Goa.

PFC | August 07, 2023 | By Anurima Mondal 1169

Hero Future Energies Signs MoUs with PFC and REC for INR 6200 Crore

A sum of INR 6200 crore, gained cumulatively with the MoUs, will be used for the development of renewable projects across India including solar & wind for C&I customers, utility projects and green hydrogen derivatives.

PFC | July 25, 2023 | By Anurima Mondal 838

PFC Inks MoU Worth INR 2.37 Lakh Crore with 19 Companies for Development of RE Projects

The MoUs were inked with diverse companies indulged in solar, wind power, green hydrogen, battery storage, electric vehicles, and green energy equipment manufacturing, among others in the renewable energy sector.

PFC | July 24, 2023 | By Nivedita Ojha 873


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