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Power Finance Corporation News
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Stocks To Buy And Sell: Check out Sanjiv Bhasin's call on PFC, ICICI Bank shares
Thu, Aug 20, 2020
Stocks To Buy And Sell: On live TV today, expert Sanjiv Bhasin, in a chat with Zee Business Managing Editor Anil SInghvi today, said that he was bullish on the mid cap stocks while being bearish on the overall index stocks. He opined that if the dollar strengthens from here, there could be correction of 300-400 points and the Nifty could see levels between 10,900 and 11,000
PFC ends on strong note with loan sanctions of over Rs 1 Lakh Cr
Sat, Jun 27, 2020
State-owned financier Power Finance Corporation (PFC) has ended financial year 2019-20 (April-March) on a strong note despite numerous challenges including outbreak of COVID 19.
Moody's confirms ratings of PFC, REC; retains stable outlook
Wed, Mar 27, 2019
The ratings of the two companies were put under review on December 13, 2018, following the announcement that PFC will acquire the government's stake in REC.
REC must get consent from at least 50 pc of lenders for PFC deal to go through
Sun, Feb 24, 2019
The REC, which has been raising funds from the foreign and domestic markets, has given an undertaking to the lenders that it would continue to be a PSU with at least 51 per cent government stake, an official told PTI.
PFC-REC deal completion soon; govt may sell REC stake at 20% premium to PFC
Tue, Feb 12, 2019
The net worth of the company was Rs 35,490 crore and cash and bank balance was Rs 1,773 crore at the end of March 2018. PFC's reserves and surplus stood at Rs 37,221 crore, and cash and bank balance stood at Rs 4,600 crore at the end of March 2018.
Government to sell REC stake to another state lender, Power Finance Corp
Fri, Dec 07, 2018
The Indian government on Thursday approved a plan by one state-owned lender to the power industry, Power Finance Corp to acquire a majority stake in a similar government-controlled lender, REC Ltd, Finance Minister Arun Jaitley said.
To ensure clean air, here is what power companies want from govt
Mon, Oct 15, 2018
Power producers have asked the government to rope in Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to provide funds for implementing emission control systems (ECS) in thermal power plants.
Two corporations flouted norms leading to bad loans: CAG
Fri, Aug 11, 2017
"The REC and PFC did not conduct appropriate due diligence during credit appraisal and in the process assumed higher risks on the loan accounts," the Comptroller and Auditor General (CAG) said in its report tabled in the Lok Sabha.