PFC signs agreement to acquire majority stake in REC

Power Finance Corporation Ltd. (PFC) has today signed a Share Purchase Agreement to acquire 103.94 crore equity shares of INR 10/- each, of REC Limited from the President of India constituting 52.63% of the paid-up share capital of REC Limited. This is a major milestone achieved by PFC, who is now slated to become a […]

Continue Reading

Memorandum of Agreement signed amongst PFC, NBCC and SSTHI

A Memorandum of Agreement has been signed amongst PFC, NBCC (India) Ltd. and Swami Satyanand Trust for Handicapped India(SSTHI), Meerut to extend Rs. 4.43 Crore for Construction of ‘Brij Mohan School for the Blind’ in Meerut under PFC’s CSR initiatives in presence of Shri Rajeev Sharma, CMD, PFC, Shri Chinmoy Gangopadhyay, Director (Projects), N.B. Gupta, […]

Continue Reading

PFC sanctions Rs 10,218 cr to RRVUNL

Power Finance Corporation Ltd. (PFC) has extended additional financial assistance to Rajasthan RajyaVidyutUtpadan Nigam Ltd.(RRVUNL) to support their efforts to comply with the new emission norms of MoE&F. This financial assistance totaling to Rs.2626 crore is mainly for installation of Flue Gas Desulphurization Plant (FGD) & Selective Catalytic Reactor (SCR) as part of environmental up-gradation […]

Continue Reading
pfc

PFC Extends Financial Assistance of Rs.1329Crore to Uttarakhand

Power Finance Corporation Ltd (PFC)has extended financial assistance of Rs. 1329 crore to State Power Utilities of Uttarakhand – Rs. 309 crore to Uttaranchal JalVidyut Nigam Ltd.(UJVNL) for RM&U of Chilla Hydroelectric Project, andRs. 1020 crore to Power Transmission Corporation of Uttarakhand (PTCUL)for implementation of various transmission schemes. In a Loan Documentation event organized recently […]

Continue Reading