Power Finance Corporation Limited has informed the stock exchanges about the incorporation of Northern Region Power Transmission Limited, a wholly owned subsidiary of PFC Consulting Limited (PFCCL). PFCCL is, in turn, a wholly owned subsidiary of PFC. The new Special Purpose Vehicle (SPV) has been established to address the static and dynamic compensation requirements of […]
REC Limited has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) for its proposed merger with Power Finance Corporation Limited (PFC). Received on October 15, 2026, the NOC is subject to specified conditions. The merger remains subject to other statutory and regulatory clearances, as well as shareholder and creditor approvals […]
The newly incorporated special purpose vehicle will facilitate the development of transmission infrastructure for the Kadapa-II Renewable Energy Zone, supporting grid connectivity and renewable energy integration. New Delhi, October 15, 2026: Power Finance Corporation Limited (PFC), a Maharatna public sector undertaking under the Ministry of Power, has announced the incorporation of Kadapa II REZ Transmission […]
PFC has completed the transfer of Satara Power Transmission Limited to Adani Energy Solutions Limited. The transaction was completed on October 6, 2026, following the selection of Adani Energy Solutions as the successful bidder for the project. Satara Power Transmission Limited was a wholly owned subsidiary of PFC Consulting Limited, which is itself a wholly […]
NHPC has appointed Rajesh Kumar Singh, IRSS (2002), as Chief Vigilance Officer (CVO) on an additional-charge basis. Singh assumed the charge on October 6, 2026. He will hold the position for six months or until a regular CVO is appointed, whichever is earlier. Singh is currently serving as CVO of Power Finance Corporation. He brings […]
Rajesh Kumar Singh has been given additional charge as Chief Vigilance Officer (CVO) of NHPC for six months or until a regular appointment is made. The Government of India has approved the entrustment of additional charge of the Chief Vigilance Officer (CVO) post at National Hydro Power Corporation Ltd. (NHPC), Delhi. Shri Rajesh Kumar Singh, […]
Power Finance Corporation (PFC), in partnership with the UK’s Foreign, Commonwealth & Development Office (FCDO), organised a workshop on cybersecurity frameworks for the power distribution sector in New Delhi. The workshop was conducted under the Advanced Digital Utility Manager (DUM) Course and brought together more than 85 participants from 28 Distribution Companies (DISCOMs). The programme […]
At the 2026 Bharat Electricity Summit (BES), Power Finance Corporation Limited (PFC) demonstrated its growing role as a technology enabler by showcasing a set of technologies for improving power distribution and speeding up grid modernisation that were both indigenous and driven by artificial intelligence (AI). Expanding its role beyond that of a traditional bank, PFC […]
Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and India’s leading NBFC in the power sector, has signed a loan agreement of EUR 150 million, with KfW on 21st August 2025. KfW is Germany’s largest promotional bank and is committed to improving economic, social and environmental conditions across the globe on behalf of the Federal […]
