PFC okays largest-ever Rs 633 cr EV financing facility to BluSmart Mobility
In the largest EV asset financing deal in India, the Power Finance Corporation Ltd (PFC) sanctioned a loan of Rs 633 crore to Gensol Engineering Ltd (GEL)20-04-2023
20-04-2023
POWER FINANCE CORPORATION LTD. - 532810 - Compliance Certificate Under Regulation 7 (3) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Financial Year Ended On 31.03.2023.
In compliance of Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a Compliance Certificate for the financial year ended on 31.03.2023.19-04-2023
Discoms losses shrink but debt remains high and liquidity crunch widens
Latest PFC report on Discoms' Health in 2021-22 shows progress on AT&C and payment disbursals10-04-2023
Vibrant Energy gets over Rs 2,200 cr for its 300MWac wind-solar projects
Vibrant Energy has tied up over Rs 2,200 crore of project financing from state-run Power Finance Corporation (PFC) to build 300 MWac wind-solar hybrid projects in Madhya Pradesh and Karnataka. Vibrant Energy (Vibrant), which develops corporate renewable energy solutions, in a statement said that the financing will stand out as one of the largest project financing deals in the Indian Renewables Industry in 2023. Srinivasan Viswanathan, CEO of Vibrant Energy, said that the company is hopeful of enabling more green energy solutions for corporate India.06-04-2023
POWER FINANCE CORPORATION LTD. - 532810 - Transfer Of Dharamjaigarh Transmission Limited, Bhadla Sikar Transmission Limited And Raipur Pool Dhamtari Transmission Limited (Three Wholly Owned Subsidiaries Of PFC Consulting Limited) (A Wholly Owned Subsidiary Of Power Finance Corporation Limited)
The following wholly owned subsidiaries of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited) have been transferred to M/s Power Grid Corporation of India Limited, the Successful Bidder on 28.03.2023. 1. Dharamjaigarh Transmission Limited 2. Bhadla Sikar Transmission Limited 3. Raipur Pool Dhamtari Transmission Limited29-03-2023
POWER FINANCE CORPORATION LTD. - 532810 - Closure of Trading Window
This is to inform that in terms of Company''s "Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information and Conduct for Regulating, Monitoring & Reporting of Trading in the Securities of Power Finance Corporation Limited" (''Code''), the Trading Window for trading in Equity Shares and Listed Debt Securities (Tax Free Bonds etc.) of Power Finance Corporation Limited shall remain closed from April 1, 2023 till further orders. Therefore, all designated persons and their immediate relatives have been advised not to deal (i.e. buy, sell or pledge etc.) in PFC's Equity Shares / Securities during the above period of Closure of Trading Window.29-03-2023
POWER FINANCE CORPORATION LTD. - 532810 - Board Meeting Outcome for Outcome Of Board Meeting- Intimation Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
In continuation of our earlier communication dated 20.03.2023, we would like to inform you that, the Board of Directors of Power Finance Corporation Ltd. (PFC) in its meeting held today i.e. 23.03.2023 have inter-alia decided to defer the proposal to declare 4th Interim Dividend for FY 2022-23.23-03-2023
PFC signs agreement with Japan's JBIC for project loan of Rs 165 cr
Power Finance Corporation has inked a pact with Japan Bank for International Cooperation (JBIC) for a project loan of JPY 2.65 billion or about Rs 165 crore. Under this facility, JBIC has proposed to finance some of PFC's projects which ensure effective reduction of greenhouse gas emissions and conservation of the global environment. This pact was executed under a general agreement signed between PFC and JBIC for JPY (Japanese Yen) 30 billion. The loan agreement was signed at JBIC headquarters Tokyo, between PFC Chairman and Managing Director R S Dhillon and Uchida Makoto, Managing Executive Officer of JBIC.22-03-2023
Power Finance Board approves raising of up to 80,000 Cr in FY24 via bonds
The board of the Power Finance Corporation (PFC) gave its approval on Tuesday to the raising of funds from both domestic and foreign currency borrowings, including bonds, term loans, and commercial paper, for the fiscal year 202324 (FY24).21-03-2023
POWER FINANCE CORPORATION LTD. - 532810 - Outcome Of Board Meeting- Intimation Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
In continuation of our earlier communication dated 16.03.2023, we would like to inform you that, the Board of Directors of PFC in its meeting held today i.e. 21.03.2023 have inter-alia approved the following proposal: I. Raising of resources for the Financial Year 2023-24 through Bonds, Term loans, Commercial Paper (CP) etc. from domestic & international markets. The Company may borrow upto Rs. 80,000 crore in the FY 2023-24 excluding funds raised under Extra Budgetary Resource (EBR), subject to the borrowing limit as approved by the shareholders under section 180(1)(c) and in accordance with section 179(3)(c) & 179(3)(d) of the Companies Act, 2013. Chairman & Managing Director, on the recommendation of Director (Finance), has been authorized to interchange the amount amongst different sources of borrowing plan during a financial year within the overall limit approved by the Board of Directors u/s 179(3)(c) and 179(3)(d) of the Companies Act 2013.21-03-2023