PFC Organises “Swachhata Ke Liye Shramdaan” Cleanliness Drive Under the Patronage of Ministry of Power
Shri Ghanshyam Prasad, Chairperson, CEA, along with Shri Rajesh Kumar Agarwal, Director (Finance), PFC; Shri Piyush Singh, Additional Secretary, Ministry of Power; Shri Diwakar Nath Mishra, Additional Secretary, Ministry of Power; and Dr. D. Saibaba,…
REC and PFC sign Rs. 26,850 Crore common loan agreement with MUNPL for 2,400 MW Meja Thermal Power Project Stage-II
New Delhi, July 30, 2026: REC Limited and PFC Limited, Maharatna CPSEs under the Ministry of Power and leading Infrastructure Financing NBFCs, have signed Common Loan Agreement with Meja Urja Nigam Private Limited (MUNPL), a 50:50 Joint Venture between…
Approval of Merger scheme by Board of Directors of PFC and REC
The Board of Directors of Power Finance Corporation Limited (PFC) and REC Limited (REC) approved the Scheme of Merger (Scheme) for merger of REC (Transferor Company) into PFC (Transferee Company) and their respective shareholders and creditors, under…
PFC – First CPSU to tap USD Bonds under RBI Swap Window
Power Finance Corporation Ltd. (PFC) becomes the first Central Public Sector Undertaking (CPSU) and the first in NBFC space to successfully tap the international bond market following the announcement of Swap facility by the Reserve Bank of India (RBI)…
Rajesh Kumar Agarwal appointed as Director (Finance) of Power Finance Corporation Limited (PFC)
The Govt. of India has appointed Shri Rajesh Kumar Agarwal as Director (Finance) at Power Finance Corporation Limited (PFC), effective 23 rd April, 2026. Before this appointment, he was Executive Director (Finance) at PFC since 1 st January, 2024. …
PFC showcases Cutting-Edge IT/OT innovations for India’s Power Sector at BES
Power Finance Corporation Ltd., a Maharatna CPSE under the Ministry of Power, showcased its leadership at the Bharat Electricity Summit (BES). Positioning itself as a technology enabler beyond financing alone, PFC presented a range of AI-driven and…
REC & PFC organise session at Bharat Electricity Summit 2026 focusing on Advancing ‘Make in India’ in Power Distribution
New Delhi, March 21, 2026: On the third day of the Bharat Electricity Summit 2026, a high-level Vendor Development Session titled “Advancing Make in India for Power Distribution” was successfully convened. The session was co-hosted by REC Limited and…
PFC declare Q2/H1’26 Results
Consolidated Financial Highlights: Stand Alone Financial Highlights: Management Comments: On PFC’s performance, Director (Finance), Mr. Sandeep Kumar shared that we delivered half yearly PAT of Rs. 8,963 cr., driven by an impressive 23% increase in Net…
PFC observes “Vigilance Awareness Week 2025” with the theme “Vigilance – our shared Responsibility”
Power Finance Corporation Ltd. (PFC), a Maharatna CPSE under the Ministry of Power, is observing Vigilance Awareness Week 2025 from October 27 to November 2, 2025, reaffirming its unwavering commitment to the principles of integrity, transparency, and…
PFC collaborates with Export Finance Australia (EFA) and Citi to accelerate India’s clean energy transition
Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the largest NBFC in India, has partnered with Export Finance Australia (EFA), the Australian Government’s export credit agency, to secure an ECA-backed financing facility from Citi, who acted as…