Power Finance Corporation

Type: Company
Name: Power Finance Corporation (Power Finance Corporation Limited)
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Singaji unit-II goes on stream in Oct

W second unit of the first phase of the much-awaited Shri Singaji thermal power project in village Donglia in Khandwa district will start commercial production in October. The project's 600 MW capacity first unit had started generating power on February ... [Published New Delhi Pioneer - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 2 reports

Disinvestment Plans

The recent statement made by Union Finance Minister Arun Jaitley regarding the disinvestment of loss making public sector units is definitely a welcome move. Jaitley, a few days ago, made a statement in the Parliament that four government–run companies ... [Published SentinelAssam.com - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

PSU divestment hopefuls outperform markets

Stocks of divestment /stake sale probables like Steel Authority of India Limited (SAIL), Mahanagar Telephone Nigam Limited (MTNL), National Aluminium Company (NALCO) and Container Corporation (CONCOR) have outperformed the markets in the past one year. ... [Published Smart Investor - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Divestment Plans Being Chalked Out, But...

Counterbalancing factors have to be  taken note off. The market’s capacity to absorb a string of stake sales will affect the viability and success of the issuesIn contrast to expectations, the FY15 divestment target was increased modestly by  approximately ... [Published Afternoon Despatch & Courier - Jul 28 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Power Fin, GMR Infra Poised to Tap Global Mkt for Funds

MUMBAI: Power Finance Corporation and GMR Infrastructure are among companies that may follow Tata Steel and other Indian firms that raised funds selling bonds overseas as confidence of investors and businessmen in India improves.Over the past two days, ... [Published New Indian Express - Jul 26 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

HUADIAN POWER : Finance Money via Share Offering

JINAN , July 24 , SinoCast -- Huadian Power International Corporation Limited (HDPI and SHSE: 600027) declared plans to offer 286.2056 million H-shares for HKD 4.92 per share, representing 20% outstanding H-shares, financing HKD 1.408 billion for replenishing ... [Published 4 Traders - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Seven large infra projects see light of day

The government has cleared seven big-ticket investment projects worth `21,000 crore, some of whom have been held up for decades. The oldest among them is a 235km railway line that is critical to tap Chhattisgarh’s second largest iron ore reserves and ... [Published Construction Week Online India - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 2 reports

TN to provide Rs 10,575 crore aid to Tangedco this fiscal

The state government is expected to provide Rs 10,575 crore assistance this fiscal to Tamil Nadu Power Generation and Distribution Corporation Limited (Tangedco) as part of the latter’s financial restructuring.The government has rescued the debt-ridden ... [Published Business Standard India - Jul 22 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 2 reports

PFC, REC tumble after new RBI guidelines on infra lending

Shares of two power finance companies fell by 4.95% to 5.66% on BSE after the Reserve Bank of India on Tuesday, 15 July 2014, announced incentives to raise long term bonds for infrastructure financing. Power Finance Corporation (PFC) (down 5.66%) and ... [Published India Infoline - Jul 16 2014]
First reported Jul 11 2014 - Updated Jul 12 2014 - 2 reports

Government readies Rs 50,000 crore equity fund for power sector

NEW DELHI: The government is readying a mega Rs 50,000 crore equity fund for the power sector as it looks at 24x7 electricity supply in villages in at least those states that are ruled by BJP.The initial corpus is expected to flow in from state-run banks ... [Published Times of India - Jul 12 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 2 reports

Modi Budget Plans Funds for Grid, Solar to End Blackouts

According to reports, Prime Minister Narendra Modi’s government plans to spend 15 billion rupees ($250 million) on programs to boost solar power and reform electricity supply to farmers to end blackouts in India. “Power is a vital input for economic growth,” ... [Published Panchabuta-Renewable Energy & Cleantech in India - Jul 10 2014]
First reported Jul 09 2014 - Updated Jul 09 2014 - 2 reports

NOTICE OF REDEMPTION OF NOTES BY INTERNATIONAL POWER FINANCE (2010) plc

LONDON--(BUSINESS WIRE)-- NOTICE OF REDEMPTION OF NOTES INTERNATIONAL POWER FINANCE (2010) plc 7¼% Senior Notes due 2017 Deutsche Bank AG, London Branch Winchester House 1 Great Winchester Street ... ... [Published Street Sweeper - Jul 09 2014]

Quotes

"There don't seem to be any serious roadblocks. The appetite is certainly there. FIIs (foreign institutional investors) have been coming to India. But to ensure good participation, the government can do the stake sale in a piecemeal manner" says Zulfiqar Shivji, head of transaction advisory services, BDO India. There is likely to be good discount for retail investors...
Adding: "We feel there is a lot of value in Coal India but it is not getting exhibited properly due to several factors. Investors should not rush in to buy every stock whenever the divestment is announced. It is advisable look at the fundamentals of each company and then take an investment call from a long - term horizon."
The official confirmed that it was opposed to lenders' proposal for converting debt into equity at par. "The MSEB Holding Company may be short changed since value of its holding is diluted and lenders get the benefit when the financial health of the RGPPL improves."
"A Cabinet note has already been floated for stake sale in many of these firms. Once the approval of the Cabinet Committee on Economic Affairs is obtained, road shows will be conducted" the official added

More Content

All (152) | News (143) | Reports (0) | Blogs (6) | Audio/Video (0) | Fact Sheets (2) | Press Releases (1)
sort by: Date | Relevance
Singaji unit-II goes on stream in Oct [Published New Delhi Pioneer - Jul 28 2014]
Disinvestment Plans [Published SentinelAssam.com - Jul 28 2014]
Will the govt hit its stake sale target this time? [Published Business Standard India - Jul 28 2014]
PSU divestment hopefuls outperform markets [Published Smart Investor - Jul 28 2014]
Divestment Plans Being Chalked Out, But... [Published Afternoon Despatch & Courier - Jul 28 2014]
Power Fin, GMR Infra Poised to Tap Global Mkt f... [Published New Indian Express - Jul 26 2014]
Dabhol lenders propose partial conversion of de... [Published Business Standard India - Jul 25 2014]
HUADIAN POWER : Finance Money via Share Offering [Published 4 Traders - Jul 24 2014]
Govt's stake sale plans set for a Diwali boost [Published Business Standard India - Jul 23 2014]
Odisha to up power generation capacity, may get... [Published Financial Express - Jul 23 2014]
Seven large infra projects see light of day [Published Construction Week Online India - Jul 23 2014]
Rural India to get a taste of Gujarat model of ... [Published Sify - Jul 23 2014]
TN to provide Rs 10,575 crore aid to Tangedco t... [Published Business Standard India - Jul 22 2014]
TN Generation and Distribution Corp plans to ad... [Published Business Standard India - Jul 22 2014]
TN government to provide more financial assista... [Published Smart Investor - Jul 22 2014]
PFC under process to select developer for 3 coa... [Published Steel Guru - Jul 22 2014]
Study in contrast: FIIs raise stake in 70 BSE-1... [Published Financial Express - Jul 21 2014]
Asiamoney Best Domestic Bank Awards 2014: India [Published GlobalCapital - Jul 21 2014]
Bull's Eye: Buy Tata Global, Federal Bank, Grap... [Published Moneycontrol.com - Jul 21 2014]
Power Finance Companies: Re-rating potential wa... [Published Financial Express - Jul 20 2014]
PFC under process to select developer for 3 coa... [Published Business Standard India - Jul 20 2014]
Jaitley proposes major disinvestment road map [Published Indian Oil & Gas - Jul 19 2014]
Rural India to get a taste of Gujarat model of ... [Published Business Standard India - Jul 18 2014]
Power Finance Corporation's Q1 results on Augus... [Published Moneycontrol.com - Jul 18 2014]
Sensex, Nifty settle at 1-1/2 week high [Published Business Standard India - Jul 18 2014]
Sensex, Nifty hit over one week high [Published Business Standard India - Jul 18 2014]
Support for Nifty at 7500: Way2Wealth [Published Moneycontrol.com - Jul 18 2014]
Govt plans selloff in over 12 PSUs [Published Times of India - Jul 18 2014]
Jaitley proposes major disinvestment road map [Published The Hindu - Jul 17 2014]
Rep. Gary Elkins’ Payday Loan Business Faces Cr... [Published Texas Observer - Jul 17 2014]
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Blogs

sort by: Date | Relevance
Modi Budget Plans Funds for Grid, Solar to End ... [Published Panchabuta-Renewable Energy & Cleantech in India - Jul 10 2014]
According to reports, Prime Minister Narendra Modi’s government plans to spend 15 billion rupees ($250 million) on programs to boost solar power and reform electricity supply to farmers to end blackouts in India. “Power is a vital input for economic growth,” ...
Modi Budget Plans Funds for Grid, Solar to End ... [Published Panchabuta - Cleantech & Renewable Energy in India - Jul 10 2014]
According to reports, Prime Minister Narendra Modi’s government plans to spend 15 billion rupees ($250 million) on programs to boost solar power and reform electricity supply to farmers to end blackouts in India. “Power is a vital input for economic growth,” ...
Madison Parker Capital backs Village Power Finance [Published PE Hub Blog - Jun 30 2014]
Madison Parker Capital has backed Village Power Finance , a solar asset developer and manager. This is the first investment by Madison Parker Capital in the financial services space. PRESS RELEASE Madison Parker Capital, a Menlo Park, CA based ...
India Could Cut Wind-Farm Subsidies by Up to 78... [Published Panchabuta-Renewable Energy & Cleantech in India - Mar 25 2014]
According to reports, India could cut the cost of subsidizing wind energy by as much as two-thirds by introducing new policies to allow projects to raise cheaper, longer-term loans, according to a study. Helping wind farms and solar-power plants to reduce ...
India Could Cut Wind-Farm Subsidies by Up to 78... [Published Panchabuta - Cleantech & Renewable Energy in India - Mar 25 2014]
According to reports, India could cut the cost of subsidizing wind energy by as much as two-thirds by introducing new policies to allow projects to raise cheaper, longer-term loans, according to a study. Helping wind farms and solar-power plants to reduce ...
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Press Releases

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Fitch Affirms Power Finance Corporation at 'BBB... [Published Fitch Ratings Headlines Corporate - Jun 09 2014]
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