As per the notice, now a special resolution has been proposed for increasing the borrowing limit in the annual general meeting (AGM) on September 29.
Total expenses stood at Rs 12,311.18 crore as against Rs 10,553.42 crore in April-June 2019.
Singh said that the states have requested for a hike in the liquidity package and extension of period outstanding dues by few more months due to the impact of COVID-19 induced lockdown.
PFC, under the administrative control of the Ministry of Power, is the largest non-banking financial corporation (NBFC) in power sector in India.
Total income during the quarter under review rose to Rs 16,254.65 crore from Rs 14,387.92 crore in the year-ago quarter.
The MoU was signed on a virtual platform by Rajeev Sharma, CMD, PFC and I C P Keshari, Managing Director, NBPCL.
The rating agency further said it expects the overall impact on the NBFC sector to be more pronounced than on the banking sector, given some of them lend to "weaker" customers.
PFC's employees will voluntarily contribute a day's salary to the fund to further strengthen the nation's fight against the dreaded disease, a company statement said.
The implementation of interoperability clubbed with active participation from the members have led to increase in equity derivatives turnover on BSE.
Total income rose to Rs 15,878.04 crore during October-December from Rs 14,050.95 crore a year ago.
According to the sources, PFC has borrowed fund at an interest rate as high as 7.25 per cent for completing this deal while it is rasing money through bonds at a rate as low as 4.25 per cent for funding power sector projects.
Trends on SGX Nifty indicate a flat opening for the broader index in India, with a 2 points gain or 0.02 percent. The Nifty futures were trading around 11,945-level on the Singaporean Exchange.
Indications are in the favour of further consolidation and we expect the Nifty50 to hover within 11,700-12,100 range in the coming week
The PFC will on-lend these funds for development of the distribution infrastructure of state-owned companies, a PFC statement said.
The proposal was approved with the requisite majority of shareholders in the annual general meeting held on August 27, according to a statement.
The firm had posted a net profit of Rs 2,864.07 crore in the year-ago quarter, the company said in a filing to the BSE.
The proposal would be placed for shareholders' approval in an annual general meeting of the company on August 27, according to the statement.
The loan has been jointly approved by State Bank of India, Hong Kong and MUFG Bank Ltd, Singapore.
The issuance attracted a strong and diversified order book indicating investor's confidence towards PFC's differentiated credit despite volatile market conditions and concerns over Indian NBFI sector, it mentioned.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 56 points or 0.47 percent. Nifty futures were trading around 11,953-level on the Singaporean Exchange.