Fund mop-up via debt placement rises 40% to Rs 2.67 lakh crore

Last Updated: Wednesday, February 18, 2015, 15:16

Driven by higher fund mobilisation by PFC and REC, capital raised by Indian companies through corporate bonds on private placement basis surged by 40 percent to Rs 2.67 lakh crore in the first nine months of the current fiscal.

Power Finance Corp posts Q3 Net at Rs 1,542 crore

Last Updated: Wednesday, February 11, 2015, 17:46

State-run lender Power Finance Corporation today reported its Q3 net profit at Rs 1,541.73 crore, almost flat as compared with the year-ago period.

PFC posts 5% rise in Q3 net profit at Rs 1,541.73 cr

Last Updated: Wednesday, February 11, 2015, 15:42

State-run lender Power Finance Corporation today reported 4.83 per cent rise in net profit at Rs 1,541.73 crore for the third quarter ended December 31, 2014-15, mainly on account of increase in income from operations.

Govt may sell 5% stake in PFC next week

Last Updated: Saturday, January 24, 2015, 00:00

The government is likely to offload 5 percent of its stake in Power Finance Corporation (PFC) next week which could fetch Rs 1,850 crore to the exchequer.

PFC withdraws RFQ for Surguja UMPP in Chhattisgarh

Last Updated: Wednesday, October 16, 2013, 12:16

The government has withdrawn the the tender inviting preliminary bids for the proposed 4,000 MW ultra mega power project at Surguja in Chhattisgarh.

PFC eyes bank stake to bolster payment security mechanism

Last Updated: Friday, June 14, 2013, 19:11

The state-owned entity, that primarily lends to the power sector, is looking to buy stake in a public sector bank. The proposal has already been send to the Power Ministry.

PFC launches Rs 100 crore tax free bonds issue

Last Updated: Tuesday, February 19, 2013, 19:07

The issue, which started on Monday, has an option to retain over-subscription up to the residual shelf limit of Rs 3,890.25 crore.

PFC's Rs 100 cr tax-free bonds issue opens Monday

Last Updated: Sunday, February 17, 2013, 12:09

The proposed issue is part of its plan to garner Rs 5,000 crore by way of issuing tax-free securities in the current fiscal (2012-13). Out of the total target, Rs 1,110 crore has already been raised.