Power Finance Corp

Total outstanding dues of electricity distribution companies to power producers rose by 4.04 per cent year-on-year to Rs 1,21,765 crore in May 2022

Government has accorded "Maharatna" status to Power Finance Corporation, thus making it the 11th state-owned entity in the country to become one

Power Finance Corporation recorded a 28 per cent increase in its net profit for June-end quarter of 2021-22 which stood at Rs 4,554 crore.

Power Finance Share Price: On Wednesday, Power Finance Corporation opened on the BSE at Rs 129.30, swinging to an intra day high of Rs 132.85, and an intra day low of Rs 128.50, so far

In terms of quarterly results, companies like Abbott India, Bharat Heavy Electricals, Emami, GAIL, Interglobe Aviation, Punjab National Bank, SpiceJet, Sun Pharma, GMR Infra, M&M and Power Finance Corp are expected to announce their fourth quarter (Q4) earnings results in the coming week.

Power Finance Corp Ltd said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd.

The sale may allow the government to say that it is getting closer to meeting its target of raising Rs 80,000 crore through the sale of government stakes in various entities in the year ending March 31, 2019.

The NSE Nifty managed to close above the psychological level of 10,200 on Monday.

State-run Power Finance Corp is looking to sanction loans worth Rs 55,000 crore in the ongoing fiscal and aiming to earn 14.5 per cent return on net worth, as per a performance agreement with the Power Ministry.

State-run Power Finance Corp (PFC) on Tuesday posted an 8.64 per cent rise in standalone net profit at Rs 1,712.55 crore for the quarter ended June 30, on the back of higher interest income.

Sensex snapped its three-day winning streak while the broader Nifty closed below its crucial psychological level of 8,700 after the Reserve Bank of India kept interest rates steady at its bi-monthly monetary policy review.

Power Finance Corp on Thursday said its board has approved issuing one bonus share for every equity share held by shareholders and increasing authorised share capital of the firm to Rs 10,000 crore from Rs 2,000 crore.

In the wake of loan default worth Rs 700 crore, Power Finance Corp on Thursday said it has acquired over 23 per cent stake in Shree Maheshwar Hydel Power Corp by invoking pledged shares and partially converting debt into equity.

The 10 PSUs which are part of the CPSE ETF basket are ONGC, GAIL India, Coal India, Indian Oil, Oil India, Power Finance Corp, Rural Electrification Corp, Container Corp, Engineers India and Bharat Electronics.

Volatile market conditions have affected disinvestment plan in 2015-16.

Total outstanding dues of electricity distribution companies to power producers rose by 4.04 per cent year-on-year to Rs 1,21,765 crore in May 2022

Government has accorded "Maharatna" status to Power Finance Corporation, thus making it the 11th state-owned entity in the country to become one

Power Finance Corporation recorded a 28 per cent increase in its net profit for June-end quarter of 2021-22 which stood at Rs 4,554 crore.

Power Finance Share Price: On Wednesday, Power Finance Corporation opened on the BSE at Rs 129.30, swinging to an intra day high of Rs 132.85, and an intra day low of Rs 128.50, so far

In terms of quarterly results, companies like Abbott India, Bharat Heavy Electricals, Emami, GAIL, Interglobe Aviation, Punjab National Bank, SpiceJet, Sun Pharma, GMR Infra, M&M and Power Finance Corp are expected to announce their fourth quarter (Q4) earnings results in the coming week.

Power Finance Corp Ltd said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd.

The sale may allow the government to say that it is getting closer to meeting its target of raising Rs 80,000 crore through the sale of government stakes in various entities in the year ending March 31, 2019.

The NSE Nifty managed to close above the psychological level of 10,200 on Monday.

State-run Power Finance Corp is looking to sanction loans worth Rs 55,000 crore in the ongoing fiscal and aiming to earn 14.5 per cent return on net worth, as per a performance agreement with the Power Ministry.

State-run Power Finance Corp (PFC) on Tuesday posted an 8.64 per cent rise in standalone net profit at Rs 1,712.55 crore for the quarter ended June 30, on the back of higher interest income.

Sensex snapped its three-day winning streak while the broader Nifty closed below its crucial psychological level of 8,700 after the Reserve Bank of India kept interest rates steady at its bi-monthly monetary policy review.

Power Finance Corp on Thursday said its board has approved issuing one bonus share for every equity share held by shareholders and increasing authorised share capital of the firm to Rs 10,000 crore from Rs 2,000 crore.

In the wake of loan default worth Rs 700 crore, Power Finance Corp on Thursday said it has acquired over 23 per cent stake in Shree Maheshwar Hydel Power Corp by invoking pledged shares and partially converting debt into equity.

The 10 PSUs which are part of the CPSE ETF basket are ONGC, GAIL India, Coal India, Indian Oil, Oil India, Power Finance Corp, Rural Electrification Corp, Container Corp, Engineers India and Bharat Electronics.

Volatile market conditions have affected disinvestment plan in 2015-16.