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Power Finance Corporation

08 Feb 2024

Power Finance Corporation Q3 Net Profit Rises 20% To Rs 6,294 Crore

The company's consolidated net profit was Rs 5,241.10 crore in the quarter ended on December 31, 2022, according to a BSE filing.

Power Finance Corporation

13 Feb 2023

Power Finance Corporation Net Profit Rises 7% to Rs 5,241 cr in Dec qtr

Total income of the company increased to Rs 19,662.65 crore in the quarter under review from Rs 19,213.69 crore in the same period a year ago.

27 Nov 2022

5 stock picks by Sanjiv Bhasin: Check target price, stop loss, other details

On Friday, Sensex and Nifty surged to settle at record highs helped by intense buying in index majors Reliance Industries, Wipro and Maruti. The 30-share BSE Sensex rose by 20.96 points or 0.03 per cent to settle at 62,293.64, its fresh record closing high while broader NSE Nifty went up by 28.65 points or 0.15 per cent to end at 18,512.75, its all-time high. As the markets ended on a positive note, Sanjiv Bhasin, Director of IIFL Securities, has suggested five stocks that can grow in the near future and may yield better returns. The stocks picked by Bhasin include Aditya Birla Capital, Indian Hotel, DLF, Tata Steel, PFC, BHEL, and REC among others. Here, we are sharing five of them with key details:

Power Finance Corporation

01 Jul 2020

Parminder Chopra takes charge as director (finance) at PFC

Chopra was working as Executive Director (Finance) at Power Finance Corporation (PFC) before assuming charge as Director (Finance), PFC.

21 Dec 2018

PFC board okays purchase of government's stake in REC

The government is expected to garner around Rs 15,000 crore from this sale process.

07 Dec 2018

Cabinet approves sale of govt's 52.63% stake in REC to PFC

Both REC and PFC are Central Public Sector Enterprises (CPSEs) under the Ministry of Power.

Power Finance Corporation

30 Nov 2017

India's Power Finance Corp lists green bond on London Stock Exchange

In total, there are 59 green bonds listed in London that have raised over USD 19.5 billion in aggregate terms across seven currencies.

Power Finance Corporation

31 Aug 2017

Power Finance Corp to raise Rs 65,000 crore via debt

Power Finance Corporation on Thursday said it will seek shareholders' nod to raise up to Rs 65,000 crore through issuance of securities on private placement basis.

02 Jun 2017

Fitch affirms PFC rating at BBB- on strong govt support

Fitch Ratings has affirmed Power Finance Corporation (PFC) rating at BBB- and maintained a stable outlook due to strong government support and its healthy financial performance.

Power Finance Corporation

08 Dec 2015

PFC Ltd board to consider interim dividend next week

State-run Power Finance Corporation (PFC) today said its board will meet next week to consider interim dividend for the ongoing fiscal.

Power Finance Corporation

24 Jul 2015

Govt to sell 5% stake in PFC on July 27

Government will divest 5 percent of its stake in Power Finance Corporation on July 27 which may fetch around Rs 1,700 crore at current market price.

15 Jul 2015

PFC incorporates BMPL as wholly-owned subsidiary

"Bihar Mega Power Limited has been incorporated as wholly owned subsidiary of the Company on July 9, 2015," Power Finance Corporation Ltd informed BSE.

Power Finance Corporation

28 May 2015

PFC's net profit rises 11% to Rs 1,561 crore in Q4

State-run Power Finance Corp Thursday reported 11 percent rise in its standalone net profit at Rs 1,560.76 crore for the fourth quarter ended March 2015.

Power Finance Corporation

13 Apr 2015

PFC exceeds loan sanction target by Rs 5,000 crore in FY'15

State-run lender Power Finance Corporation on Monday said it has surpassed its loan sanction target by Rs 5,000 crore to touch Rs 60,000 crore for 2014-15.

Power Finance Corporation

01 Apr 2015

PFC to disburse Rs 44K crore loans in FY'16

State-owned lender Power Finance Corporation plans to disburse over Rs 44,000 crore loans during the current financial year (2015-16).

Power Finance Corporation

11 Feb 2015

Power Finance Corp posts Q3 Net at Rs 1,542 crore

State-run lender Power Finance Corporation today reported its Q3 net profit at Rs 1,541.73 crore, almost flat as compared with the year-ago period.

Power Finance Corporation

23 Jan 2015

Govt may sell 5% stake in PFC next week

The government is likely to offload 5 percent of its stake in Power Finance Corporation (PFC) next week which could fetch Rs 1,850 crore to the exchequer.

Power Finance Corporation

20 Jul 2014

PFC under process to select developer for 3 coal blocks

As per the new Model Bidding documents issued by the Power Ministry, all activities related to the development of coal blocks are to be carried out by power procuring state utilities.

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