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Power Finance Corporation Ltd
Power Finance Corporation Ltd Company History
Power Finance Corporation is a leading Non-Banking Financial Corporation in the Country.
2010
Received ISO 9001:2008 certification; and Registered with the RBI as an Infrastructure Finance Company.
PFC - MOU between PFC & NPCIL
2010
2011
Public issue of long term infrastructure bonds.
Empowered Group of Ministers (EGoM) approved for the Issue Price for PFC's FPO.
Incorporated a wholly-owned subsidiary Company namely Power Finance Corporation Green Energy Ltd
2011
2012
PFC - incorporated a Special Purpose Vehicle (SPV), as a wholly-owned subsidiary Company namely Deoghar Mega Power Limited
Power Finance Corp disburses Rs 7,400 cr loan to 5 sick Discoms
2012
2013
PFC - Incorporation of four Special Purpose Vehicles (SPVs) as wholly owned subsidiaries by PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation Limited (PFC).
Power Finance Corporation - wholly-owned subsidiary, PFC Green Energy Ltd is expected to commence its operations by the month of March.
PFC have allotted no. of equity shares of Rs. 10/- each of the Company to the Employees upon exercise of stock options under the Companys Employee Stock Option Scheme i.e. PFC ESOP 2010 Scheme.
PFC informed Transfer of wholly owned subsidiary of PFC Consulting Ltd.
2013
2014
Power Finance Co informed - Incorporation of Two (2) wholly Owned Subsidiaries of Power Finance Corporation Ltd, Cheyyur Infra Ltd. and Odisha Infrapower Ltd.
Power Finance Co - Transfer of wholly owned subsidiary of PFC Consulting Ltd
Power Finance Corporation (PFC) may extend a Rs 15,000-crore loan to the Andhra Pradesh government to improve power sector infrastructure facilities, it was officially announced.
The Securities and Exchange Board of India has granted a certificate of registration as a Debenture Trustee to PFC Capital Advisory Services Limited, a wholly owned subsidiary of Power Finance Corporation Limited (PFC).
2014
2015
PFC achieves MOU Targets of Financial Year 2014-15 for Sanctions and Disbursements
Power Finance Corporation (PFC) has incorporated Bihar Mega Power Limited as its wholly-owned subsidiary
Power Finance Corporation Ltd (PFC) has incorporated Jharkhand Infrapower Ltd as a wholly owned subsidiary of the company
2015
2016
Power Finance Corporation acquires 23% stake in SMHPCL
Power Finance Corporation Ltd. has been conferred with Governance NowPSU Award 2016
PFC received the prestigious 'Rajbhasha Kirti Pratham Puruskar' (in the category of region ÂAÂ) for the year 2015-16
2016
2017
Power Finance Corporation has declared the payment of interim dividend @ Rs. 6/- per equity share on the face value of the paid-up equity shares of Rs. 10/- each for the FY 2017-18.
2017
2018
Bihar Grid Company Ltd (BGCL) is a joint venture of Power Grid Corporation of India and Bihar State Power (Holding) Co Ltd.The amount has been sanctioned for construction of 16 400 kV, 220 kV and 132 kV transmission lines.
PFC enters Waste-to-Energ segment, lends Rs 290 cr to Bawana project.
PFC provides additional financial aid of Rs 2.6k cr to RRVUNL.
PFC board approves plan to join ICA to deal with stressed assets.
2018
2019
PFC bestowed with the prestigious ICAI Award for Excellence in Financial Reporting.
PFC bags Industry Excellence Award
PFC acquiring 52 pc stake in REC gets CCI's green signal.
2019
2020
Power Finance Corporation lists USD 750 mn MTN issue on India INX.
PFC announces Rs 50 lakh aid to Red Cross to fight COVID-19 pandemic.
PFC ties up with Taj to provide food to COVID-19 warriors.
PFC commits Rs 1.23 cr for PPE Kits, ambulances to Uttarakhand.
2020
2021
PFC Bags SKOCH Gold Award in ÂBest Performing PSU for Covid Activities category.
Power Finance Co - Incorporation Of Wholly Owned Subsidiaries Of PFC Consulting Limited.
Power Finance Co - Grant Of Maharatna Status To Power Finance Corporation Limited.
PFC bags North India Best Employer Brand Award 2021.
PFC bestowed with the prestigious Governance Now Award for Strategic Performance (1 MB)
2021
2022
PFC inks Agreement to provide LED Street Lighting Systems for villages in Faridabad.
PFC signs MoA with Dr. Ram Manohar Lohia Institute of Medical sciences for providing cancer Detection and Awareness Mobile Van.
PFC signs MoU with Mahatms Phule Renewable Energy and Information Technology Limited for funding Solar Projects in Maharashtra
PFC bestowed with the prestigious ICAI Award for Excellence in Financial Reporting.
2022
2023
Company has issued Bonus Shares in the Ratio of 1:4.
2023