New Delhi, : Power Finance Corporation (PFC) as lead FI and PNB as co-lender of the consortium, completes successful resolution of stressed asset – 4×30 MW Rangit-IV HEP of Jal Power Corporation Ltd (JPCL) and handed over the project to NHPC Ltd on 31.03.2021. The handing over process was completed in the august presence of Shri Ravinder Singh Dhillon, CMD (PFC), Shri P.K. Singh, Director (Commercial) & additional charge Director (Projects) PFC, Smt. Parminder Chopra, Director (Finance) PFC, Smt. Simmi R Nakra, CVO (PFC), Shri. Rajendra Prasad Goyal, Director (Finance) NHPC, Shri. Biswajit Basu, Director (Projects), NHPC, Shri. Amit Jain, Resolution Professional (RP) and other senior officials from PFC, NHPC Ltd & PNB. With this successful transfer of the stressed asset to NHPC, a new lease of life is expected to be ushered in the project. NHPC Ltd is a leading CPSE for hydro power development in India. PFC has a long standing relationship with NHPC Ltd and this will facilitate in further strengthening the relationship between the two entities.
PFC completes successful resolution of 120 MW Rangit-IV HEP of Jal Power Corporation Ltd. with handover to NHPC Ltd
You May Also Like
Petronet’s Profit Boost: Key Drivers Behind 33% Growth
Aug 13, 2026
Petronet LNG Ltd has witnessed a significant financial upsurge in the first quarter of the fiscal year 2026-27. The company reported a 33% increase in its standalone profit before tax (PBT), which rose to INR 1,514 crores from INR 1,136 crores in the same quarter of the previous year. Similarly, there was a 33% rise […]
PLL’s Catalyst Event: Merging Tech with Green Goals
Aug 12, 2026
On August 12, 2026, Petronet LNG Limited (PLL) successfully conducted its second annual Finance & IT conference named “Catalyst” at its headquarters in New Delhi. Held over the course of August 7-8, this event aimed to ignite innovative thinking, enhance cooperative efforts, and facilitate significant organizational changes. The gathering spanned two days and united Finance […]
IGL’s strategic vision to evolve into a more connected, intelligent, and anticipatory enterprise-Mohit Bhatia
Aug 12, 2026
During the “6th Annual Conclave – Digitization of CGD Networks,” Mr. Mohit Bhatia, Director (Commercial) at Indraprastha Gas Limited (IGL), delivered insights into the transformative impact of digital technologies on the City Gas Distribution (CGD) industry. Mr. Bhatia articulated that digitalization transcends traditional IT roles, serving as a crucial pillar for enhancing sustainability, competitive edge, […]
Petronet LNG has reduced its debt while increasing its reserves. -Awardee
Aug 12, 2026
Saurav Mitra, who serves as the Director (Finance) and Chief Financial Officer at Petronet LNG Ltd., has been honored with the title of “Best CFO of India – Oil & Gas (Mid Cap Category)” for the year 2026. This prestigious recognition reflects his exceptional leadership in finance and his significant contributions to the company’s governance […]
Meet BPCL’s Top Candidates for Director (Refineries) 2026
Aug 11, 2026
New Delhi: An important update has been released by NewsIP regarding the appointment process for the Director (Refineries) at Bharat Petroleum Corporation Limited (BPCL). The Public Enterprises Selection Board (PESB) has scheduled this crucial meeting for August 21, 2026, from 8:45 AM to 10:45 AM. This session will be a virtual event, utilizing video conferencing […]
BPCL Director of Refineries Role: Interview Date Set!
Aug 11, 2026
New Delhi: There are significant updates regarding the appointment for the Director of Refineries at Bharat Petroleum Corporation Limited (BPCL). According to reliable sources, candidates who have applied for this position are slated to be called for an interview on August 21. It’s important to note that this role has been vacant since Sanjay Khanna […]
Sponsored by Google, a partner of NewsIP Associates.
Sponsors' Logos
Appointments News
NTPC Leadership Continuity Strengthened: ACC Approves Six-Month Extension for CMD Shri Gurdeep Singh
Shri Vivek Nishant Nath Takes Charge as Director (Commercial) of NMDC Limited – Poised for a New Chapter
GAIL Boosts Leadership with S.K. Sinha as Finance Head
Gupta’s Appointment Marks New Phase for EIL
Indraprastha Gas Welcomes MD Kumar Shanker
