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The government has appointed V Packirisamy as Director (Commercial) at Power Finance Corporation Limited (PFC), effective June 2, a statement said on Tuesday. He was serving as Executive Director, Entity Appraisal & IT, PFC, the company said in an exchange filing. Packirisamy brings over three decades of extensive experience in the power sector and infrastructure finance. He holds a BE (Mechanical) and an MTech (Management and Systems) from IIT Delhi. The official began his professional career in 1989 and joined PFC in 1997. Over the years, he played a pivotal role in expanding the organisation's operations and strengthening its appraisal and risk management frameworks, significantly contributing to the growth of PFC's loan portfolio. He has been instrumental in several key institutional initiatives, including the development of methodologies for categorising state generation and transmission utilities, formulation of the Integrated Rating Framework for Power Distribution ...
State-owned Power Finance Corporation on Thursday posted a nearly 6 per cent rise in consolidated net profit to Rs 8,211.90 crore for the quarter ended December, aided by higher income. It had reported Rs 7,759.56 crore "profit for the year ago period from continuing and discontinued operations," the company said in an exchange filing. The company's total income rose by about 9 per cent to Rs 29,140.57 crore in the third quarter from Rs 26,821.84 crore in the corresponding period of preceding financial year. In April-December, the company's profit after tax increased 13 per cent to Rs 25,028 crore from Rs 22,157 crore in FY25. Consolidated Loan book stood at Rs 11,51,407 crore as on December 2025, higher from Rs 10,69,436 crore at the end of 2024. On a standalone basis, PFC's net profit rose 15 per cent to Rs 4,763 cr in Q3 FY26, from Rs 4,155 crore in Q3 FY25. PFC reported 13 per cent in loan asset book to Rs 5,69,627 crore as on December 2025, from Rs 5,03,824 crore as of Decem
State-owned Power Finance Corporation on Wednesday posted an 11 per cent rise in its consolidated net profit to Rs 8,357.88 crore for the quarter ended March 31, mainly on the back of higher interest income. The company had posted a net profit of Rs 7,556.43 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing. Total income rose to Rs 29,285.45 crore in the quarter under review, from Rs 24,176.34 crore in the same period a year ago. The interest income in the quarter rose to Rs 28,676.15 crore from Rs 23,891.19 crore in same period a year ago. During FY25, the consolidated net profit rose to Rs 30,514.40 crore from Rs 26,461.18 crore in the previous financial year. Total income in the fiscal year increased to Rs 1,06,598.70 crore, from Rs 91,174.87 crore a year ago. The board recommended a final dividend of Rs 2.05 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for the FY 2024-2
State-owned Power Finance Corporation on Wednesday said its board has approved Rs 1,40,000 crore borrowing plan for 2025-26 and also approved fourth interim dividend of Rs 3.5 per share for 2024-25. The Board of Directors of Power Finance Corporation Ltd. (PFC), in its meeting held on March 12, 2025, approved a total borrowing of Rs 1,40,000 crore for 2025-26, a regulatory filing stated. The board also approved declaration of fourth interim dividend at the rate of Rs 3.50 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for 2024-25. The board also approved the proposal to change the name of the company from Power Finance Corporation Limited to PFC Limited or any other name as may be approved by the Registrar of Companies (RoC). It also approved the consequential amendment to the Memorandum and Articles of Association of PFC, subject to requisite approvals from shareholders, the Reserve Bank of India (RBI), Stock Exchanges a