State-owned Power Finance Corporation, Rural Electrification Corporation and India Infrastructure Finance Co Ltd have accused Hyderabad-based Ind-Barath Power (Madras) Ltd, Ind-Barath Power Infra Ltd
State-owned Power Finance Corporation (PFC) Wednesday said it has received shareholders’ approval for raising up to Rs 65,000 crore through issuance of debentures on private placement basis.
Small lenders will submit their resolution plans on stressed power assets to a group of bankers and assess the situation on October 10, Financial Express reported quoting people aware of the development.
Power Finance Corporation said Wednesday the worst was behind for stressed power assets and it would finalise resolution plans with five struggling projects with an exposure of Rs 8,254 crore in one month.
Union power secretary Ajay Kumar Bhalla has convened a meeting with banks, state undertakings, including Power Finance Corporation and Rural Electrification Corporation, and oganisations representing power generating companies on August 17 to discuss options to address issues faced by stressed power projects.
Power Finance Corporation (PFC) will seek its shareholders approval to raise Rs 65,000 crore through issuance of debt securities on private placement basis in India or abroad at its annual general meeting on September 11, 2018.
Government-owned power sector financer, Power Finance Corporation (PFC), on Friday announced extending Rs 2,626 crore of additional financial assistance to Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL), the state government’s power generation company, for the purpose of environment upgradation works, PFC said.
Power Finance Corporation (PFC) is working with the country’s biggest lender, State Bank of India (SBI), and others to resolve
Power Finance Corporation (PFC) today announced it will invite bids in the first week of May from coal based power generators without long-term Power Purchase Agreements (PPAs) for procurement of electricity.
New Delhi has embarked on a consolidation drive by merging the group companies of Power Finance Corporation and Rural Electrification Corp to create a single unit that would harness embedded synergies.