Power Finance Corporation Limited (PFC) has appointed V. Packirisamy as Director (Commercial) and Pankaj Gupta as Part-time Non-Official Director on its Board, following orders issued by the Ministry of Power. The Board approved the appointments on June 24, 2026. Packirisamy assumed charge on June 2, 2026, while Gupta took charge on June 22, 2026. Packirisamy’s…
Power Finance Corporation Ltd. (PFC) has approved the appointment of Shri Rajesh Kumar Agarwal as an Additional Director, designated as an Independent Director, with effect from April 24, 2026, according to a regulatory filing. Agarwal brings over 31 years of experience across the power and financial sectors. He holds a Bachelor of Commerce (Honours) degree…
Indian Railway Finance Corporation (IRFC), a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways, has sanctioned and fully disbursed a Rs 1,000 crore term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). The announcement was made on Monday, marking IRFC’s first disbursement of the new financial year. The loan follows IRFC’s…
Power Finance Corporation Limited (PFC) has signed a Memorandum of Understanding (MoU) with MECON Limited to enhance cooperation across infrastructure and energy projects. The agreement places emphasis on emerging segments such as green hydrogen, energy storage, and renewable energy integration. The MoU was formalised in the presence of senior officials from both organisations. Attendees included…
Power Finance Corporation Limited (PFC) and REC Limited have informed the stock exchanges that they are proceeding with a proposed merger after the PFC board granted in-principle approval on February 6, 2026. In a joint filing dated February 12, 2026, the two state-owned non-banking financial companies (NBFCs) set out the rationale, structural aspects, and expected…
NHPC Limited has approved a proposal to raise funds through bond issuance as part of its borrowing plan for the financial year 2025-26. The decision was taken at the meeting of the Board of Directors held on January 8, 2026, and was disclosed through a regulatory filing to the stock exchanges. The Board approved the…
REC Limited has mobilised Rs 50 billion through bond issuance on a private placement basis to bolster its funding for power sector financing. The issue included Rs 30 billion in 5-year bonds with a 6.87 per cent coupon rate and Rs 20 billion in 10-year bonds with a 6.86 per cent coupon rate. Strong investor…