ESG

PFC boosts disbursements, maintains profitability streak

19Apr

By Newscript News NetworkNo Comments

ESG, News Update

PFC boosts disbursements, maintains profitability streak

By Newscript News Network August 21, 2025 Power Finance Corporation (PFC) reported a 21% jump in Q1 FY26 net profit to ₹4,502 crore, with net interest income (NII) rising 26% to ₹5,469 crore. The company declared a ₹3.70 interim dividend, with a record date of August 18. PFC has continued to finance India’s ambitious clean energy push while supporting state discom reforms. Its lending portfolio remains diversified across conventional and renewable power. “PFC is increasingly aligning with green finance frameworks,” said an official from the power ministry. With stable asset quality and rising disbursements, PFC is seen as a steady growth engine for the sector.

BPCL secures financing for Bina mega project, partners Kerala govt

19Apr

By Newscript News NetworkNo Comments

ESG, News Update

BPCL secures financing for Bina mega project, partners Kerala govt

By Newscript News Network August 21, 2025 Bharat Petroleum Corporation Ltd (BPCL) has achieved financial closure for its ambitious Bina Refinery Expansion cum Petrochemical Project. The project, supported by a ₹31,802 crore loan from a consortium led by State Bank of India, will expand capacity from 7.8 MMTPA to 11 MMTPA while adding a 1.2 MMTPA ethylene cracker unit. “This project will transform Bina into a petrochemical hub, driving value addition beyond fuels,” BPCL’s Chairman said in a recent interaction. In Kerala, BPCL signed a ₹25.12 crore agreement with the state government for a four-lane road to the Ambalamugal Industrial Hub, alongside an ₹11.34 crore amenity centre at the Cochin Cancer Research Centre. The projects reflect BPCL’s dual focus on infrastructure develo...