Press Esc to close
Saturday 30 August 2014
News updated at 3:34 PM IST
Weather
Max: 25.6°C
Min : 19.7°C
In Bangalore
Generally cloudy

Tata Capital, PFC to set up PE fund

Mumbai, Dec 14, 2012, DHNS :

 Power Finance Corporation (PFC) has said it would set up a $1-billion private equity (PE) fund in a joint venture with Tata Capital to invest in equities of private power projects.

Tata Capital will hold 51 per cent equity in the joint venture, while the state-run PFC to own the balance 49 per cent. “PFC is already in the process of finalising the terms of the JV pact and the fund is expected to become operational in the next six-nine months,” said PFC Chairman & Managing Director Satnam Singh on the sidelines of a press conference to launch the company’s tax free bonds.

The company’s target for sanctions this fiscal stood at Rs 45,140 crore, of which it has sanctioned Rs 41,732 crore. Out of Rs 40,000 crore distribution target it has disbursed Rs 17,555 crore as on September 2012, Singh said.


PFC’s outstanding sanction (order book) stands at Rs 1.68 lakh crore, which will help the company disburse the remaining Rs 23,000 crore, he pointed out.

Go to Top

Photo Gallery
Union Railway Minister Sadananda Gowda during a visit to Ernakulam railway station in Kochi ...

Union Railway Minister Sadananda Gowda during a visit to Ernakulam railway station in Kochi ...

Bomb Squad members checking a suspected bag found at Bandra Station in Mumbai ...

Bomb Squad members checking a suspected bag found at Bandra Station in Mumbai ...

Red Cross workers walk through an Ebola hit area  in Monrovia, Liberia ...

Red Cross workers walk through an Ebola hit area in Monrovia, Liberia ...

Models take part in awareness campaign 'Save Ganga and Green India' in Bhopal ...

Models take part in awareness campaign 'Save Ganga and Green India' in Bhopal ...

Siddaramiah presenting kit to a beneficiary  during launch of 'Pradhan Mantri Jan-Dhan Yojana' ...

Siddaramiah presenting kit to a beneficiary during launch of 'Pradhan Mantri Jan-Dhan Yojana' ...

Ganesh idol made of dry fruits ahead of Ganesh Chaturthi festival in Mumbai ...

Ganesh idol made of dry fruits ahead of Ganesh Chaturthi festival in Mumbai ...

A young girl viewing Ganesh statues for sale on the eve of the Ganesh Chaturthi in Jaipur ...

A young girl viewing Ganesh statues for sale on the eve of the Ganesh Chaturthi in Jaipur ...

Team owners Sachin Tendulkar and Ranbir Kapoor during the launch of Indian Super League ...

Team owners Sachin Tendulkar and Ranbir Kapoor during the launch of Indian Super League ...

John Abraham, signs a football during the launch of the Indian Super League, in Mumbai ...

John Abraham, signs a football during the launch of the Indian Super League, in Mumbai ...

Founding chairperson Nita Ambani at the launch of the Indian Super League in Mumbai ...

Founding chairperson Nita Ambani at the launch of the Indian Super League in Mumbai ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523