Daily Archive: April 7, 2013

PFC bails out UPPCL with Rs.1,558-crore loan package

With the crisis over non-payment of electricity dues by Uttar Pradesh Power Corporation (UPPCL) forcing two private power producers, Reliance Power and Lanco Infratech, to shut down four out of their six units, the...

Reforms to power prospects

  Constrained coal availability and ailing financial health of State electricity boards (SEBs) dragged not only the power sector, but also the stock performance of lenders such as Power Finance Corporation (PFC). However, recent...