TAG: "PFC"

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PFCCL Forms SPV for Transmission of 3 GW RE Power for Green Hydrogen Manufacturing in Gujarat

Power Finance Corporation Ltd.’s (PFC) subsidiary, PFC Consulting Ltd. (PFCCL), has incorporated a special purpose vehicle, Mundra I Transmission Ltd., to develop a 3 GW power transmission system for green hydrogen/ammonia production in Gujarat.

PFC | December 27, 2024 | By Mrinmoy Dey |  768

PIFIL Receives Approval from IFSCA to Start Business as Finance Company in IFSC GIFT City Gujarat

PFC Infra Finance IFSC Ltd., a subsidiary of Power Finance Corporation, has received approval from IFSCA to begin operations as the first finance company in IFSC GIFT City, focusing on power and infrastructure lending in India and abroad.

PFC | October 17, 2024 | By Mrinmoy Dey |  843

PFC Consulting Invites Bids for Evacuation of 3 GW Renewable Energy for Gujarat

PFC Consulting has recently released a tender to select a transmission service provider to establish an inter-state transmission system (ISTS) to evacuate 3 GW of renewable energy from the Raghanesda area in Gujarat under Phase I. The last date for submission of bids is November 19, 2024.

PFC | September 19, 2024 | By Mrinmoy Dey |  747

PFC Wins CSR Award at Outlook Planet Sustainability Summit 2024

The event was attended by officials from the Department of Public Enterprises, IIT Goa, and Outlook.

PFC | May 31, 2024 | By Abha Rustagi |  3439

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 |  1171

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 |  1113

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 |  1096

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 |  1601

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 |  1404

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 |  1438

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