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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.

01 Nov 2017

Cos garner Rs 5.52 lakh crore via pvt bond placement in Jan-Sep

According to the report, a total of 569 institutions and corporates garnered Rs 5.52 lakh crore in the first nine months of the year. In comparison, firms had raised Rs 4.65 lakh crore in January-September 2016.

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.

28 Jul 2015

PFC stake sale over-subscribed; Govt nets Rs 1,600 crore

With the successful sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece, the government would get over Rs 1,600 crore.

26 Jul 2015

Power Finance Corp 5% stake on sale

"The floor price of the offer shall be Rs.254 per equity share of Power Finance Corporation (PFC)," the company said in a stock exchange filing.

25 Jul 2015

PFC stake sale floor price at Rs 254; disinvestment on Monday

Government is expected to mobilise around Rs 1,676 crore through the divestment.

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

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).

15 Mar 2015

PFC to give Rs.15,000 crore loan for Telangana power projects

The Power Finance Corporation (PFC) has come forward to extend Rs.15,000 crore loan for thermal power projects coming up in Telangana.

18 Feb 2015

Fund mop-up via debt placement rises 40% to Rs 2.67 lakh crore

Driven by higher fund mobilisation by PFC and REC, capital raised by Indian companies through corporate bonds on private placement basis surged by 40 percent to Rs 2.67 lakh crore in the first nine months of the current fiscal.

11 Feb 2015

PFC posts 5% rise in Q3 net profit at Rs 1,541.73 cr

State-run lender Power Finance Corporation today reported 4.83 per cent rise in net profit at Rs 1,541.73 crore for the third quarter ended December 31, 2014-15, mainly on account of increase in income from operations.

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.

31 Oct 2014

PFC Q2 net profit jumps 11% at Rs 1,408.58 crore

The net profit during the same period last financial year stood at Rs 1,273.79 crore, PFC said in a filing to stock exchanges.

06 Oct 2014

PFC to appoint consultants for Power Project Monitoring Panel

The consultants will be appointed on a contract for a period of two years.

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