TAG: "Power Finance Corporation "

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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.

Power Finance Corporation | 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.

Power Finance Corporation | April 04, 2024 | By Abha Rustagi 297

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.

Power Finance Corporation | 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.

Power Finance Corporation | 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.

Power Finance Corporation | January 04, 2024 | By Abha Rustagi 593

Power Minister Lays Foundation Stone for ICER's Energy Research Centre at IISc Bengaluru

The research hub will pioneer developments in green energy technologies, including hydrogen and biofuel generation from biomass, advanced batteries, and energy storage systems.

Power Finance Corporation | December 29, 2023 | By Abha Rustagi 6067

Sterlite Power Acquires Neemrana II Kotputli Transmission Limited from PFC

The project was awarded to Sterlite Power through the Tariff Based Competitive Bidding (TBCB) process in November 2023.

Power Finance Corporation | December 28, 2023 | By News Bureau 549

SJVN Signs MoU with PFC for Financing Renewable Projects Worth INR 1,18,000 Crores

Nand Lal Sharma stated that PFC has agreed to finance SJVN’s renewable projects viz solar, hydro & pumped storage projects and thermal project to be set up at the total project cost of around Rs.1,18,826 crores.

Power Finance Corporation | September 22, 2023 | By News Bureau 770

Serentica Gets INR 2600 Crores Funding from PFC for its 400 MW Hybrid RE Projects in Karnataka

In the state of Karnataka, the company is setting up 400 MW of wind and solar capacities where it has already secured connectivity to the inter-state transmission system (ISTS).

Power Finance Corporation | September 14, 2023 | By News Bureau 770

PFC Inks MoU Worth INR 2.37 Lakh Crore with 20 Companies to Drive Energy Transition Goals of India

These MoU were signed with Solar, Wind Power, Green Hydrogen, Battery Storage, Electric Vehicle companies as well as the manufacturers of green energy equipment among others in the clean energy space.

Power Finance Corporation | July 21, 2023 | By News Bureau 959

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Power Finance Corporation | November 09, 2023 | By News Bureau 749


 
 
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