Power Finance Corporation - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra

PFC Induction Programme 2026: Building the Brand, Shaping the Future

Newsmantra — Tue, 07 Jul 2026 10:29:57 +0000

NEW DELHI. Shri Shubham Saurav Singh, Manager (Corporate Communications), Power Finance Corporation (PFC), delivered a presentation during the Valedictory Session of PFC’s Induction Programme for the Batch of 2026 in the august presence of CMD Smt. Parminder Chopra, Directors, the Chief Vigilance Officer (CVO), and the senior leadership team.

The session focused on PFC’s brand identity, strategic media management, and reputation building, while sharing valuable perspectives with 14 newly inducted colleagues from the IIMs and IITs. The interaction underscored the importance of effective communication in strengthening PFC’s institutional image and supporting its mission of excellence.

The post PFC Induction Programme 2026: Building the Brand, Shaping the Future appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

PFC and REC Boards Approve Merger Scheme to Create Rs 11 Lakh Crore Lending Giant

Newsmantra — Tue, 30 Jun 2026 06:13:04 +0000

NEW DELHI. The Boards of Directors of Power Finance Corporation Limited (PFC) and REC Limited (REC) have approved a Scheme of Merger under the Companies Act, 2013, for the amalgamation of REC into PFC, subject to the approval of shareholders, creditors, regulatory and government authorities, and the condition that the merged entity continues to qualify as a Government Company with the Government of India retaining majority control. The proposed merger will create one of the country’s largest infrastructure financing institutions with a combined loan book exceeding Rs 11 lakh crore. As per the approved valuation report, REC shareholders will receive 88 fully paid equity shares of PFC of Rs 10 each for every 100 fully paid equity shares of REC of Rs 10 each held on the record date, which will be announced by the Boards of the two companies at a later stage.

The post PFC and REC Boards Approve Merger Scheme to Create Rs 11 Lakh Crore Lending Giant appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Global Investors Back Indian Power Sector as PFC Raises USD 300 Million via Historic Bond Issue

Newsmantra — Wed, 24 Jun 2026 10:13:24 +0000

NEW DELHI. Power Finance Corporation Limited has achieved a historic milestone by becoming the first Central Public Sector Undertaking and the first non-banking financial company in India to successfully tap the international bond market following the Reserve Bank of India’s recent announcement of a swap facility in its latest monetary policy statement. The Maharatna infrastructure finance giant raised USD 300 million through a senior unsecured dollar-denominated bond issuance under the Reg S route. The five-year bonds were priced at 105 basis points over the benchmark five-year US Treasury, securing a fixed coupon of 5.32% per annum amidst robust demand from major European and Asian markets.

Reflecting on the achievement, Power Finance Corporation Chairman and Managing Director, Ms. Parminder Chopra expressed satisfaction at leading the public sector response to the central bank’s new facility. She noted that the successful issuance directly supports the Government of India’s broader objective to attract foreign capital into the country’s development. Chopra added that the strong investor appetite demonstrates global confidence in the financial institution’s robust credit profile, sound business model, and the overall growth trajectory of the Indian power and infrastructure landscape.

The high-profile issuance has been rated Baa3 by Moody’s, BBB- by Fitch, and BBB+ by CareEdge, reinforcing the market’s trust in the public sector lender’s financial stability. According to the regulatory framework, the net proceeds from this international bond sale will be deployed strategically for on-lending to vital power and infrastructure projects across the nation, as well as for general corporate purposes. This landmark transaction sets a positive precedent for other major Indian state-owned enterprises looking to optimize their borrowing costs via international markets.

The post Global Investors Back Indian Power Sector as PFC Raises USD 300 Million via Historic Bond Issue appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Power Foundation of India Explores Greater Role in Power Sector Development

Newsmantra — Fri, 12 Jun 2026 07:41:37 +0000

NEW DELHI: Dr. R.K. Tyagi, Director General of the Power Foundation of India, met Smt. Parminder Chopra, Chairman and Managing Director of Power Finance Corporation (PFC), and briefed her on the Foundation’s ongoing initiatives and activities. The meeting also focused on exploring ways to further strengthen the Foundation’s contribution to the growth and development of India’s power sector, with discussions centred on supporting key industry priorities and advancing the sector’s long-term objectives.

The post Power Foundation of India Explores Greater Role in Power Sector Development appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Presidential Nod for REC and PFC Amalgamation

Newsmantra — Thu, 11 Jun 2026 13:17:55 +0000

NEW DELHI. In a major development for the power sector, REC Limited announced that the Ministry of Power has conveyed the competent authority’s approval for its proposed merger into Power Finance Corporation Limited. This follows a decision by REC’s Board on May 16, 2026, to reserve the proposal for the President of India’s approval. The formal regulatory disclosure was submitted to the stock exchanges under Regulation 30 of the SEBI Listing Regulations.

The post Presidential Nod for REC and PFC Amalgamation appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

PFC Welcomes Shri V. Packirisamy as Director (Commercial)

Newsmantra — Wed, 03 Jun 2026 13:36:56 +0000

NEW DELHI. Shri V. Packirisamy has joined Power Finance Corporation (PFC) as Director (Commercial). Smt. Parminder Chopra, Chairman and Managing Director of PFC, extended a warm welcome to him on behalf of the organization and conveyed her best wishes for his successful tenure.

A seasoned professional with extensive experience in the power sector, Shri Packirisamy has held several key leadership positions during his distinguished career. His deep understanding of the sector and proven track record are expected to add significant value to PFC’s ongoing efforts in supporting India’s growing energy and infrastructure requirements.

The appointment comes at a crucial time as PFC continues to play a pivotal role in financing the country’s power and infrastructure sectors. The PFC family looks forward to Shri Packirisamy’s valuable contributions and wishes him every success in his new role as the organization advances its commitment to India’s energy transition and sustainable development.

The post PFC Welcomes Shri V. Packirisamy as Director (Commercial) appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

PFC Felicitates Corporate Communications Icon S. Srinivasa Rao on Superannuation

Newsmantra — Mon, 01 Jun 2026 11:22:43 +0000

NEW DELHI. Shri S. Srinivasa Rao, Chief General Manager (PR) of Power Finance Corporation (PFC), has superannuated after an illustrious career spanning over 30 years. To honour his long-standing dedication, PFC organized an in-house gathering where the Chairman and Managing Director (CMD), Ms. Parminder Chopra and other senior officials , felicitated Shri Rao for his exceptional contributions and unwavering commitment to the organization. In an official social media post, PFC acknowledged his professionalism as a vital driver of the company’s growth, noting that his leadership in corporate communications and public relations significantly enhanced the corporation’s public visibility and strengthened stakeholder engagement over the last three decades.

A highly respected figure in the media and PR fraternity, Shri Rao is widely recognized for his helpful nature and supportive approach toward journalists and corporate communication professionals alike. He began his career with the Indian Express group in Hyderabad, building a strong foundational expertise that would later define his professional journey in the national capital. For over a decade, he masterfully managed PFC’s media relations, press releases, and public affairs, earning a distinguished and special place within the industry.

Shri Rao’s immense contributions have also earned him stellar national recognition. He was inducted into the prestigious Hall of Fame by the Public Relations Council of India (PRCI) and has served as the Chairman of the Public Relations Society (PRSI), Delhi Chapter, where he actively guided and mentored the PR community. As he steps into a new chapter of retirement, the entire PFC family expressed deep gratitude for his lasting legacy, wishing him a future filled with good health, happiness, and fulfillment.

The post PFC Felicitates Corporate Communications Icon S. Srinivasa Rao on Superannuation appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

PFC Hosts Vendor Meet to Boost ‘Make in India’ and Innovation in Power Distribution

Newsmantra — Mon, 18 May 2026 12:41:52 +0000

NEW DELHI. Power Finance Corporation (PFC) successfully organized a Vendor Meet focused on “Make in India & Innovation in Power Distribution Sector” under the Revamped Distribution Sector Scheme (RDSS) at the India International Centre (IIC) on May 13, 2026. The event brought together a wide range of key stakeholders, including industry leaders, Original Equipment Manufacturers (OEMs), advanced system integrators, and power distribution companies (Discoms), to discuss and drive forward innovative, domestic manufacturing solutions for the power sector.

The post PFC Hosts Vendor Meet to Boost ‘Make in India’ and Innovation in Power Distribution appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Powering “Make in India”: PFC Hosts Successful Vendor Meet on Distribution Innovation

Newsmantra — Fri, 15 May 2026 06:55:58 +0000

NEW DELHI. Power Finance Corporation (PFC) successfully hosted a Vendor Meet at the India International Centre (IIC) on May 13, 2026, to drive the “Make in India” initiative and foster innovation within the power distribution sector. Organized under the Revamped Distribution Sector Scheme (RDSS), the event brought together a diverse group of stakeholders, including industry leaders, original equipment manufacturers (OEMs), advanced system integrators, and representatives from various power distribution companies (Discoms). The gathering focused on collaborative strategies to modernize India’s power infrastructure through local manufacturing and cutting-edge technology, ensuring a more efficient and self-reliant energy future for the nation.

The post Powering “Make in India”: PFC Hosts Successful Vendor Meet on Distribution Innovation appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

PFC Scales New Heights in FY’26; Maharatna Leader Drives India’s Energy Transition

Newsmantra — Thu, 14 May 2026 07:41:40 +0000

Power Finance Corporation (PFC), India’s premier Maharatna NBFC, showcased a landmark financial performance for the 2025-26 fiscal year during a high-level press interaction in Mumbai. Led by Chairperson and Managing Director Smt. Parminder Chopra and Director (Finance) Shri Rajesh Kumar Agarwal, the leadership team detailed a year of robust balance sheet expansion and strategic evolution. The corporation’s success was anchored in significant asset growth, fueled by rising demand across both traditional power projects and large-scale renewable energy initiatives, all while maintaining operational excellence through high net profit margins and disciplined NPA management.

Beyond its core lending role, PFC has transitioned into a vital strategic partner for the Government of India, actively supporting the nation’s journey toward energy security. Smt. Parminder Chopra emphasized that the company’s resilience is deeply linked to the national agenda, particularly through the prioritized funding of the Revamped Distribution Sector Scheme (RDSS) and critical support for State Power Utilities. This proactive approach ensures that as national power demand reaches record highs, PFC remains at the forefront of fueling a sustainable and energy-secure future for the country.

Looking ahead, PFC is aggressively diversifying its portfolio to include emerging infrastructure sectors such as logistics, waste-to-energy, and e-mobility. By leveraging its Maharatna status to access competitive funding from domestic and international markets, the corporation is maintaining a solid financial trajectory that supports India’s broader infrastructure goals. This commitment to long-term excellence and strategic financing positions PFC not just as a financial powerhouse, but as a key architect in building a modern, efficient, and self-reliant energy landscape for India.

The post PFC Scales New Heights in FY’26; Maharatna Leader Drives India’s Energy Transition appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.