Power Finance Corporation

Power Finance Gains After Reporting Rs 8,444 Crore Profit In March Quarter

Business | Edited by Nikita Prasad | Wednesday June 16, 2021

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

Government Asks Power Companies To Cap Surcharge On Late Payments

Business | ANI | Saturday August 22, 2020

The government has taken several measures to mitigate the impact which include rebate on capacity charges, relaxing provisions of letter of credit for scheduling of power and liquidity infusion scheme.

Government Exceeds Disinvestment Target In 2018-19: Arun Jaitley

Business | Press Trust of India | Saturday March 23, 2019

In the current fiscal year, government is eyeing Rs 14,500 crore by way of sell of its 52.63% stake in REC to state-owned Power Finance Corporation

Power Finance Not To Extend Open Offer To REC's Minority Holders

Business | Thomson Reuters | Monday February 18, 2019

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.

Trading Calls: Buy Tata Motors, Power Finance Corporation, Says Expert

Business | NDTV Profit Team | Thursday October 26, 2017

Indian banking shares soared on Wednesday, sending indices to record highs. Gains came a day after the Cabinet approved a Rs. 2.11-lakh-crore plan to recapitalise its state banks over the next two years.

Companies Raise Rs 1.52 Lakh Crore Via Bonds On BSE E-Book Platform

Business | Press Trust of India | Monday February 13, 2017

The BSE-BOND was launched on July 1 to facilitate online bidding for private placement of debt securities. Since then, 53 companies have raised Rs 1,51,865 crore through it.

Trading Calls: Buy TVS Electronic, PFC, Karnataka Bank, Say Experts

Business | Edited by Priyabrata Prusty | Monday December 12, 2016

The BSE Sensex fell over 150 points in early morning trade tracking weak Asian shares. However, energy stocks were up tracking a surge in global oil prices.

Power Finance Corporation To Sanction Rs 55,000 Crore Loan This Financial Year

Business | Press Trust of India | Friday September 2, 2016

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.

Buy Power Finance, Dish TV; Avoid Lupin, Colgate: Sumeet Bagadia

Business | NDTV Profit Team | Wednesday August 10, 2016

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 Corporation Rises 3.5% On Bonus Shares Plan

Business | Press Trust of India | Friday July 8, 2016

Power Finance Corporation shares rose by over 3.5 per cent today after the company said its board will consider issue of bonus shares on July 14 as per capital restructuring guidelines by the government.

Power Finance Corp Net Rises 2.6% to Rs 1,582 Crore in Q3

Business | Press Trust of India | Tuesday February 9, 2016

State-run Power Finance Corporation (PFC) on Tuesday reported a marginal 2.6 per cent rise in standalone net profit at Rs 1,582.32 crore for the quarter ended December on the back of higher income.

Rs 9,000-Cr Warangal Power Project May Be Awarded Next Month

Business | Press Trust of India | Sunday January 3, 2016

The Warangal transmission project with an estimated cost of around Rs 9,000 crore, the largest so far on the block, is likely to be auctioned next month.

PFC Declares Rs 8.8/Share Dividend, Government to Gain Rs 787 Crore

Business | Press Trust of India | Wednesday December 16, 2015

State-owned Power Finance Corporation on Wednesday declared an interim dividend of Rs 8.80 per share for 2015-16, which will fetch Rs 787.53 crore to the government.

PFC Net Profit Up 20% at Rs 1,695 Crore

Business | Press Trust of India | Tuesday November 3, 2015

The company had registered a Rs 1,408.58-crore net profit in the corresponding quarter a year ago, the company said in a BSE filing today.

PFC Surges 10% on Buzz of Cabinet Meet on Discom Loan Recast

Business | NDTV | Monday October 5, 2015

Shares of government-owned power sector lenders Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) surged today after Press Trust of India reported that the Cabinet is likely to meet this week to consider a proposal to recast Rs 4.3 lakh crore loans of nine state power distribution companies.