Wednesday, Jan 26, 2022 | Last Update : 09:06 PM IST


Power ministry advises telcos to cap late payment surcharge at 12%

In general, the applicable rate of late payment surcharges is quite high despite the fact that interest rates softened over last few years

23 Aug 2020 9:07 AM

Power Finance Corporation raises USD 1 bn from global market

PFC finances power sector projects and its main source of revenue is interest income on loans.

12 Jun 2019 5:37 PM

REC Ltd net profit rises 50 pc to Rs 1,256 crore in March quarter

REC Ltd's consolidated net profit for 2018-19 was Rs 5,741.38 crore, up from Rs 4,450.52 crore a year ago.

24 May 2019 6:24 PM

PFC completes REC acquisition, pays Rs 14,500 cr to government

The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year.

28 Mar 2019 2:30 PM

Moody's retains stable outlook for Power Finance Corp, Rural Electrification Corp

The ratings agency Moody's has confirmed the Baa3 issuer ratings of PFC and REC.

27 Mar 2019 7:48 PM


REC takeover: PFC to draw Rs 10,000 crore from reserves

The arrangement will appear in the not so distant future, making a noteworthy commitment to the Center's disinvestment kitty for the year.

11 Feb 2019 12:28 PM

PGCIL switches from local taxis to Ola for official visits

This move marks the departure from the usual practice of public sector units to use local taxis for official visits.

27 Jun 2017 1:56 PM