Oct 18, 2021 06:25 PM IST
OIL, KIOCL and SJVN have paid about Rs 92 crore, Rs 99 crore and Rs 94 crore respectively as dividend tranches to the government, Pandey added.
- Sep 16, 2021 02:41 PM IST
In a statement, Power Finance Corporation Ltd (PFC) said the issuance which took place on Monday saw a strong participation from institutional investors across Asia and Europe with a participation from across 82 accounts and was oversubscribed 2.65 times
- Mar 31, 2021 09:10 PM IST
The new lending rates will be effective from April 1, 2021. This initiative was undertaken to offer competitive rates, in line with the rates being offered by peers in the market.
- May 18, 2020 04:28 PM IST
The agency expects power demand to recover but is likely to have its first-ever power surplus in the fiscal year ending March 2021.
- May 14, 2020 10:47 AM IST
Power utilities need long-term concrete measures to become “Aatmanirbhar”
- Dec 31, 2019 01:09 PM IST
As of the end of the September quarter, the government’s stake in NTPC is 54.5 percent, and in PFC it is 56.16 percent.
- Sep 14, 2019 05:10 PM IST
"The PFC has updated the existing Global Medium Term Note Programme from $3 billion to $5 billion," it said in a BSE filing.
- Aug 16, 2019 11:04 AM IST
- Jun 28, 2019 11:44 AM IST
The two-third of the stocks from derivatives segment saw decent selling pressure in June series, which does not bode well for the bulls.
- Jun 03, 2019 12:51 PM IST
The time has come to further open up India’s bond markets to foreign investors
- May 29, 2019 04:30 PM IST
The firm's total standalone income increased to Rs 7,702.64 crore in the March quarter, from Rs 6,254.96 crore a year ago.
- Mar 28, 2019 07:23 PM IST
The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year.
- Mar 27, 2019 08:15 PM IST
The board decided to raise Rs 45,000 crore through long term borrowings like term loans and public or private placement of long term taxable/tax free bonds.
- Mar 26, 2019 08:37 PM IST
PFC has bought REC share at Rs 139.50 per piece with total acquisition cost of about Rs 14,500 crore.
- Mar 25, 2019 09:51 AM IST
Raiding the balance sheet of PSUs and forcing them to buy other state-owned companies will not help in the long run and is best avoided
- Mar 12, 2019 09:30 PM IST
The proceeds from the ETF sale will help the government move towards meeting the Rs 80,000 crore disinvestment target set for the current fiscal.
- Feb 27, 2019 02:25 PM IST
The upside momentum is likely to accelerate in the coming week once the Nifty crosses the 50-day SMA.
- Feb 24, 2019 12:22 PM IST
REC's cumulative foreign debt stands at around $1.85 billion which will mature in phases till 2028 and the state-owned company has initiated the exercise of obtaining the consent of these lenders.
- Feb 20, 2019 07:50 AM IST
In a weak market, PFC has shown strong relative strength and may move higher.
- Feb 18, 2019 06:20 PM IST
Power Finance Corporation (PFC) is likely to close the deal by March 31 this year and is not considering extending open offer to the minority stakeholders, Verma said while addressing a media conference here.
- Feb 12, 2019 01:53 PM IST
Self-funding a major portion of the deal may take a toll on PFC's lending ability in the power sector unless extra capital is provided to the company
- Feb 05, 2019 07:30 PM IST
The government is expected to garner around Rs 15,000 crore from this sale process.
- Dec 27, 2018 05:28 PM IST
On concerns related to a potential merger of REC with PFC subsequent to the acquisition, PFC said no decision has been taken yet in this regard.
- Dec 20, 2018 10:23 PM IST
The CCEA earlier on December 6 had approved the sale of government's 52.63 percent stake in REC to Power Finance Corporation.
- Dec 09, 2018 12:20 PM IST
The Cabinet Committee on Economic Affairs (CCEA) on December 6 gave in-principle approval to the acquisition of the government stake in Rural Electrification Corporation(REC) by PFC.