PFC
PGCIL infuses fresh equity in EESL, raises stake significantly
- Sep 16, 2021
Power Grid Corporation of India Ltd (PGCIL), in a stock exchange filing, said that it has made a fresh equity infusion in its joint venture Energy Efficiency Services Ltd (EESL). The filing said that PGCIL has infused equity worth Read more
PGCIL to increase equity stake in EESL, board approval in place
- Aug 12, 2021
The board of directors of Power Grid Corporation of India Ltd (PGCIL), in a meeting held on August 10, 2021, approved the infusion of fresh equity capital in its joint venture Energy Efficiency Services Ltd (EESL). In a stock Read more
New substation commissioned in UT of J&K under IPDS scheme
- Aug 5, 2021
A new power substation has been commissioned under the Centrally-sponsored Integrated Power Development Scheme (IPDS) in the UT of Jammu & Kashmir. In a release, IPDS nodal agency Power Finance Corporation said that the 33/11kV, 6.3MVA substation at Nonial Read more
9th Annual Survey of Discoms: Five out of 41 secure “A+” rating, Gujarat tops
- Jul 17, 2021
Five out of the 41 state government-owned power distribution companies have scored the best “A+” rating, as per the “9th Annual Integrated Rating of State Power Distribution Utilities”. This report, coordinated by Power Finance Corporation (PFC) with the participation Read more
PFC incorporates new subsidiary for power transmission project
- Jun 15, 2021
Power Finance Corporation (PFC) has incorporated a new step-down subsidiary that will act as a special purpose vehicle for a power transmission scheme to be developed under the TBCB regime. In a stock exchange communication, PFC said that its Read more
Adani, Torrent express interest in SEUPPTCL takeover
- Mar 30, 2021
The potential takeover of financially-ailing independent power transmission company South East UP Power Transmission Co Ltd (SEUPPTCL) has attracted expressions of interest from leading names like Adani Group and Torrent Power. SEUPPTCL is undergoing corporate insolvency resolution process under Read more
PFC, REC sign loan agreement for Bhutan hydropower project
- Mar 11, 2021
Power Finance Corporation Ltd. (PFC) along with REC Ltd signed a Memorandum of Understanding (MoU) with Kholongchhu Hydro Energy Ltd (KHEL) for extending a term loan of Rs.4,058 crore for the 600-mw hydropower project at Trashi Yangtse, Bhutan. The Read more
PFC dollar-denominated bond issue oversubscribed 5.1 times
- Feb 2, 2021
Power Finance Corporation Ltd (PFC) has successfully raised $500 million through a recent issue of US Dollar-denominated bonds. The bonds under the “Reg S” route with a fixed maturity date of May 16, 2031, were issued on January 29, Read more
PFC to raise Rs.5,000 crore through public issue of NCDs
- Jan 14, 2021
Power Finance Corporation Ltd (PFC), one of the leading financial institutions in India focused on the power sector, will open its Rs 5,000 crores public issue of secured, redeemable non-convertible debentures (NCD) on January 15, 2021. The base Issue Read more
SJVNL attains financial closure for Buxar thermal project
- Nov 28, 2020
SJVN Ltd, in a stock exchange filing, had said that its Buxar thermal power project in Bihar has reached financial closure. The 1,320-mw Buxar thermal power project is being implemented by SJVN Thermal Pvt Ltd, a swholly-owned ubsidiary of Read more