TAG: "Power Finance Corporation "

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ACME Solar Secures INR 1988 Crore Financing from PFC for 300 MW Solar-Wind Hybrid Project

ACME Renewtech Pvt. Ltd., a subsidiary of ACME Solar, secures INR 1,988 crore term loan from Power Finance Corporation (PFC) for its 300 MW solar-wind hybrid renewable energy project. The company has also won 300 MW in SECI’s 1,000 MW ISTS-connected solar auction.

Power Finance Corporation | December 26, 2024 | By Mrinmoy Dey |  738

Centre Proposes Renewable Energy Push to Reduce Diesel Dependence in Lakshadweep

Union Minister of Power Manohar Lal emphasised the need for a transition of Lakshadweep's energy generation from diesel to renewable sources like solar and wind, supported by battery storage, while exploring solar-powered EV and boat initiatives for a greener future, during a review of the power sector.

Power Finance Corporation | December 24, 2024 | By Mrinmoy Dey |  550

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.

Power Finance Corporation | October 17, 2024 | By Mrinmoy Dey |  843

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.

Power Finance Corporation | May 31, 2024 | By Abha Rustagi |  3439

Sterlite Power Bags INR 1373 Crore Funding from PFC for NKTL Project

The project encompasses the development of two critical components: a state-of-the-art 6000 MVA, 765/400kV substation at Neemrana and a 400 kV transmission line network spanning approximately 250 kilometers.

Power Finance Corporation | May 30, 2024 | By News Bureau |  1255

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 |  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.

Power Finance Corporation | April 04, 2024 | By Abha Rustagi |  1113

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 |  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.

Power Finance Corporation | 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.

Power Finance Corporation | January 04, 2024 | By Abha Rustagi |  1438

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Interviews

Juniper Green Energy's collaboration with AT Group and Vitol founded on shared values

Naresh Mansukhani, CEO at Juniper Green Energy

Power Finance Corporation | November 09, 2023 | By News Bureau |  1044