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PFC posts multifold jump in net profit to Rs 3,906 crore in March quarter

PFC posts multifold jump in net profit to Rs 3,906 crore in March quarter
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Discoms' overdues fall to Rs 74,000 crore in March after release of second tranche of liquidity package

›Discoms overdues fall to Rs 74,000 crore in March after release of second tranche of liquidity package
Discoms overdues fall to Rs 74,000 crore in March after release of second tranche of liquidity package
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Discoms overdues fall to Rs 74,000 crore in March after release of second tranche of liquidity packagePTI
Last Updated: Apr 21, 2021, 01:01 PM IST
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In May 2020, the government announced Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from Power Finance Corporation (PFC) and REC Ltd.
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The outstanding overdues of power distribution utilities fell by over Rs 15,118 crore to Rs 74,510 crore in March this year, as compared to the preceding month, mainly due to the release of the second tranche of liquidity infusion package, according to PFC Consulting Ltd data. The overdue amount stood at Rs 89,628 crore in February. ....

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Discoms' overdues fall to Rs 74,510 crore in March

Discoms overdues fall to Rs 74,510 crore in March
In May 2020, the government announced Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from Power Finance Corporation (PFC) and REC Ltd
PTI | April 21, 2021 | Updated 14:24 IST
The outstanding overdues of power distribution utilities fell by over Rs 15,118 crore to Rs 74,510 crore in March this year, as compared to the preceding month, mainly due to the release of the second tranche of liquidity infusion package, according to PFC Consulting Ltd data. The overdue amount stood at Rs 89,628 crore in February.
The power producers give 45 days to power distribution utilities (discoms) to pay bills for electricity supply. After that, the outstanding dues become overdue and generators charge penal interest on that in most cases. In May 2020, the government announced Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at ....

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Discoms overdues falls by over Rs 151 bn to Rs 740 bn in Mar: Report

The outstanding overdues of power distribution utilities fell by over Rs 15,118 crore to Rs 74,510 crore in March this year, as compared to the preceding month, mainly due to the release of the second tranche of liquidity infusion package, according to PFC Consulting Ltd data.
The overdue amount stood at Rs 89,628 crore in February.
The power producers give 45 days to power distribution utilities (discoms) to pay bills for electricity supply. After that, the outstanding dues become overdue and generators charge penal interest on that in most cases.
In May 2020, the government announced Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from Power Finance Corporation (PFC) and REC Ltd. ....

Uttar Pradesh , Andhra Pradesh , Consulting Ltd , Power Finance Corporation , State Run Power Finance Corporation , Payment Ratification And Analysis , உத்தர் பிரதேஷ் , ஆந்திரா பிரதேஷ் , ஆலோசனை லிமிடெட் , பவர் நிதி நிறுவனம் , நிலை ஓடு பவர் நிதி நிறுவனம் ,

Power Finance Corp pays interim dividend of Rs 1,182.63 cr to govt for FY21

State-run Power Finance Corporation (PFC) has paid an interim dividend of Rs 1,182.63 crore to the government for financial year 2020-21.
Power Finance Corporation has paid an interim dividend of Rs 1,182.63 crore to government of India for the financial year 2020-21 on March 31st, 2021 on 1,47,82,91,778 number of equity shares (56 per cent) held by the government, a PFC statement said.
The interim dividend RTGS (real time gross settlement) intimation bank advice was presented to Power Minister R K Singh by Ravinder Singh Dhillon, CMD, PFC in the presence of Power Secretary Alok Kumar on Wednesday.
The interim dividend for FY 2020-21 at the rate of Rs 8 per equity share of face value of Rs 10 each was declared by the board of directors of PFC in its meeting held on March 12, 2021, it added. ....

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