PFC
PFC, REC boards give in-principal approval to proposed merger
- Feb 7, 2026
The boards of directors of Power Finance Corporation Ltd (PFC) and REC Ltd have independently accorded in-principle approval to the proposed merger of the two entities. The merged entity will continue to remain classified as a “Government Company,” under Read more
14th Integrated Rating and Ranking Report: 22 utilities see improvement in grades
- Jan 24, 2026
The 14th Integrated Rating and Ranking Report (IR) of power distribution companies, newly released by the Union power ministry, shows that 22 utilities – including 18 discoms and four power departments (PD) – saw an improvement in their Read more
ACME Solar secures major funding from PFC
- Dec 26, 2024
ACME Solar has secured term finance of nearly Rs.2,000 crore from PFC for a wind-solar hybrid project. According to a company release, ACME Renewtech Pvt Ltd, a subsidiary of ACME Solar Holdings Ltd, has successfully secured Rs.1,988 crore in Read more
India’s Strategic Vision for Power Transmission
- Nov 25, 2024
The significant transformation currently being witnessed in the power transmission sector is crucial to meet the increasing energy needs of the country, which is one of the fastest-growing economies in the world, note Rohin Agarwal and Aditya Jain. [caption Read more
CERC adopts tariff for Solapur ISTS project
- Jun 4, 2024
Central Electricity Regulatory Commission (CERC) has adopted the transmission charges (tariff) for the interstate transmission system (ISTS) scheme being developed by Solapur Transmission Ltd, a wholly-owned subsidiary of Torrent Power Ltd. In a recent order, CERC Read more
Sterlite Power secures funding for Neemrana-II Kotputli project
- May 30, 2024
Sterlite Power has announced that it has secured funding worth Rs.1,373 crore for its newly-acquired interstate transmission system (ISTS) project housed under “Neemrana II Kotputli Transmission Ltd.” In a release, Sterlite Power said that it has Read more
Power distribution and renewable energy to dominate PFC’s lending portfolio
- May 15, 2024
The power distribution sector as well as renewable energy are set to dominate the lending portfolio of Power Finance Corporation (PFC) during FY25. Addressing a media conference in Mumbai on May 15, 2024, Ms Parminder Chopra, Read more
PFC’s cumulative disbursements under LPS cross Rs.33,000 crore
- Feb 17, 2024
PFC’s cumulative disbursements to state power distribution companies (discoms) under the Late Payment Surcharge (LPS) scheme have crossed Rs.33,000 crore, as of December 31, 2023. Cumulative disbursements under LPS touched Rs.33,312 crore, according to Ms Parminder Chopra, CMD, PFC Read more
Power distribution and RE dominate PFC’s loan book
- Nov 15, 2023
The loan book of Power Finance Corporation (PFC) in FY24 has been dominated by power distribution and renewable energy. According to information available from a recent investor conference, PFC’s loan book, as of September 30, 2023, stood at around Read more
Serentica Renewables achieves financial closure for Karnataka project with PFC funding
- Sep 14, 2023
Serentica Renewables announced that it has achieved financial closure for its upcoming hybrid renewable energy projects in Karnataka, through debt funding from Power Finance Corporation Ltd (PFC). In a release, Serentica said that it has secured the entire debt Read more