Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals
The priority of the Budget should be to improve the macroeconomic fundamentals of the country and make efforts to meet the fiscal deficit targets of last year. The onus should be on productive utilisation of funds.
FlashNews:
HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Fluence Launches Advanced Smartstack Platform for New Energy Storage Era
NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
NBCC Reports Robust 40% Surge in Net Profit
The time to invest in India’s energy sector is now, says PM Modi
India’s Oil Minister Urges Energy Justice to Ensure Equitable Global Energy Transition
Tag: PFC
Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited
Tamil Nadu joins UDAY, ‘Power for All’ gets a boost
The Ministry of Power has signed an MoU for Ujwal DISCOM Assurance Yojana (UDAY) with Tamil Nadu in New Delhi, on 9 January, 2017. With the signing of the ‘24x7 Power For All (PFA)’ roadmap document with the state, the roadmap for all the 28 states, except one, and all the seven Union Territories in the country has now been finalised and is under implementation.
There is a need for the regulator to get more teeth
Sandeep Upadhyay - MD & CEO, Centrum Infrastructure Advisory Ltd, says that a more consultative process involving the NHAI and all stakeholders, by giving due weightage to the lenders, would result in a win-win situation for infrastructure development in India.
Budget 2016: Govt ups spend on power PSUs to Rs.68,256 cr
India will invest Rs.68,256.70 crore on eight public sector power companies in 2016-17 as against Rs.58,642.89 crore a year ago, according to the Union Budget 2016 document.
BSES secures crucial loan of Rs.4,905 crore
The Power Finance Corporation has sanctioned a loan of Rs 4,905 crore to cash strapped BSES discoms.
NTPC to lead Consortium for Development of Offshore Wind Power
A Memorandum of Understanding (MoU) has been entered into among the Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE) and consortium of partners consisting of NTPC Ltd (as lead partner), Power Grid, PFC (Power Finance Corporation) Ltd.
NTPC to lead Consortium for Development of Offshore Wind Power
A Memorandum of Understanding (MoU) has been entered into among the Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE) and consortium of partners consisting of NTPC Ltd (as lead partner), Power Grid, PFC (Power Finance Corporation) Ltd.
Pooling cash flow
The concept of pooled financing comes at a time when the industry needs it more than ever in recent history.Clearing nearly Rs 2 lakh crore (still a small fraction of the pending part of the pie) was the first step for the Cabinet Committee for Investments and the special committee set up by the Prime Minister's Office for this express purpose.
PFC to issue tax free bonds
State-run Power Finance Corp is in the process of issuing around Rs 150 crore ($23 million) worth of tax-free bonds across different maturities. While the firm would issue 10-year tax-free bonds at 8.04 percent, 15-year bonds at 8.41 percent, and 20-year bonds at 8.40
PFC to acquire stake in state-run bank
Satnam Singh, Managing Director of Power Finance Corp (PFC) plans to buy a substantial stake in a public sector unit (PSU) bank that would allow it to have a representation at the board level. A month ago, PFC informed its intention to acquire stake in state-run bank to the power and the finance ministries
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